Markets trying to confirm gains

Markets trying to confirm gains

Bullish chart patterns attract slow but steady buying overnight. (Audio)

Futures are trading a little higher across the board this morning, with better news from outside markets reinforced by Wednesday’s bullish reversals in corn, soybeans and wheat. Stock markets around the world are mostly higher today, after crude oil was able to shrug off a record surplus here in the U.S. to turn around yesterday.

Knorr discusses overnight market moves with Bryant Gill, sitting in for Pam Jahnke, Wisconsin Farm Report, and you can listen using the audio tool on this page (just scroll down).

Overnight trade rises on better global news.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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