Quiet Markets Wait For Fed

Quiet Markets Wait For Fed

Grain futures face lack of news, waiting for harvest results. (Audio)

Grain futures were quiet overnight following Tuesday’s volatile session, with traders looking for some news to trade and finding little. That tone extended through financial markets around the world, as all eyes are on Washington today, where the Federal Reserve releases its latest statement on monetary policy at 1 p.m. The Fed could announce it will start tapering its program of financial stimulus, a move already widely anticipated by the market.

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

QUIET OVERNIGHT: The market has little information for movement - they're waiting on the Fed.

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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