Quiet grain trade tries to move higher

Quiet grain trade tries to move higher

Stocks sell off around the world ahead of U.S. jobs report. (Audio)

Chinese markets remain closed today, but that hasn’t kept things quiet on exchanges around the world. Stocks sold off from Asia to Europe, with stock index futures in the U.S. pointing to a lower open ahead of this morning’s jobs report for August. Grain futures are trying to buck those headwinds, moving higher late in the overnight session after follow-through selling failed to gain momentum.

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

Global markets soft, as commodities try to buck that trend.

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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