Outside Markets Again In Play

Outside Markets Again In Play

Fears of fiscal cliff, European growth and change in China hang over grain futures trade. (Audio)

Soybeans fell victim to a selloff on Wall Street Thursday, with traders also worried USDA could surprise the market with a big increase in production. Fears about the looming fiscal cliff in Washington reemerged after the election, along with concerns about weak growth in Europe and the Greek debt crisis. Nonetheless, the wheat market is looking more bullish, helping firm corn.

Farm Futures Senior Editor Bryce Knorr talks markets with Dylan Brogan, Wisconsin Farm Report.

EXTERNAL FACTORS: Fears of fiscal cliff, European growth and change in China hang over grain futures trade.

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.

Wisconsin Farm Report is carried by stations across the Badger State keeping local farmers informed about key issues and topics that impact their farms. The farm-focused radio coverage provides access to news and information throughout the day.

TAGS: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish