Quiet markets limp into weekend

Quiet markets limp into weekend

Rains help wheat, slow corn planting. (Audio)

Grain futures are quietly mixed this morning in calm trade that belies a lot of nervous selling emerging in financial markets. Concerns about Greek debt could send Wall Street sharply lower, though the dollar is weaker too. Rains moving through the Plains this morning should help the hard red winter wheat crop, but slow fieldwork as they move east this weekend.

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

Wet weather may slow corn planting further, wheat benefits from the rains. Traders are focused more on off-farm issues.

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 Soybean
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