New selling emerges overnight

New selling emerges overnight

Futures break to new lows with outside markets also week. (Audio)

Red ink is again flowing in the grain market, with futures lower across the board on the heels of Tuesday’s break. While a little demand is surfacing, buyers are taking relatively small amounts, suggesting they’re in no hurry to secure supplies. Weather remains mostly favorable, with some dry parts of South America picking up showers.

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

Traders seeing more red ink as market slides overnight.

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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