Quiet markets try to turn higher

Quiet markets try to turn higher

More rains help wheat but keep Corn Belt wet and cold. (Audio)

Grain futures saw some buying noted after the open in Europe this morning, but so far it’s been a very quiet session overnight. May corn traded in just a two-cent range, with only wheat contract higher so far. Storms firing up in Oklahoma this morning will spread rain east into the Corn Belt and keep the Delta soggy. The upper Midwest looks fairly dry for the next week, helping planting but raising more concerns about moisture shortages.

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

Quiet is the operative word for overnight traders with little news to move trade.

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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