Profit Taking Hits Grains

Profit Taking Hits Grains

Selling modest after Tuesday's big rally. (audio)

Futures are lower across the board this morning on profit taking following yesterday's sharp move higher. Export markets are quiet, with many Asian traders still on holiday. Some offices in the U.S. facing closing as well, thanks to another winter storm barreling through the country ahead of another blast of sub-zero temperatures.

Listen to the report using the audio link on this page.

Selling is modest after Tuesday's big rally

Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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