Quiet markets wait for jobs report

Quiet markets wait for jobs report

Soybeans try to bounce back from Thursday's heavy losses. (Audio)

Soybeans are higher this morning, helping firm a very quiet corn market with little noise but static from outside markets. Wall Street is on hold until 7:30 a.m. CT, when employment numbers for October hit the wires. The dollar is firm, anticipating that number, which would give the Federal Reserve more ammunition to raise interest rates at its December meeting.

You can listen to Bryce's comments using the audio player below.

Soybeans rise, after big fall Thursday; corn firms. Market waits on job numbers.

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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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