Quiet Markets Limp to Finish Line for Week

Quiet Markets Limp to Finish Line for Week

Futures hold chart support after disappointing reactions to USDA data. (Audio)

Selling spread across the grain market this week, but so far the damage hasn’t been too excessive, with futures holding chart support in the overnight trade. Demand news for old crop is winding down as a force, with new crop weather beginning to take center stage. Rains across the Corn Belt this weekend should slow early fieldwork, without providing a whole lot of relief to dry fields on the southwest Plains.

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

WINDING TO THE WEEKEND: Overnight trade is soft, traders look to new planting season.

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.

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TAGS: USDA
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