Quiet markets wait for news about exports, jobs

Quiet markets wait for news about exports, jobs

Futures mixed overnight as Chinese holiday gives nervous traders a break. (Audio)

Grain futures are quietly mixed so far this morning after a quiet overnight session that’s seen little of the volatility that’s market trading in recent weeks. One reason is a holiday in China closing markets there today and tomorrow. U.S. traders will also be winding down for the Labor Day weekend, but not before the Labor Department releases a jobs numbers for August that could sway the decision at the Federal Reserve to begin raising interest rates.

Knorr discusses overnight market moves with Bryant Gill, Wisconsin Farm Report, and you can listen using the audio tool on this page (just scroll down).

Markets wait for news, overnight trade is quiet.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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