Quiet trade lifts futures overnight

Quiet trade lifts futures overnight

Export sales expected to be lower in this morning's tally. (Audio)

Grain futures are mostly higher in quiet trading so far this morning. Export sales out this morning for last week are expected to be a bit lower, with routine new business reported overnight. Outside markets are also calming down after a surge to 12-year highs by the dollar Wednesday, giving money managers a green light to tackle a bit more risk.

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

Export sales out this morning for last week are expected to be a bit lower, with routine new business reported overnight.

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 Soybean
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