Markets stay firm, extending rally

Markets stay firm, extending rally

Futures benefit from improving mood worldwide. (Audio)

Grain futures are steady to mostly higher again this morning, with gains on outside markets feeding into the more optimistic mood about commodities ahead of Friday’s USDA production, supply and demand report. Good weather for harvest limits corn a little but worries about El Nino are helping to support wheat.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Global market outlook improves, bolstering overnight trade.

Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

TAGS: USDA
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