Rising tide lifts all boats overnight

Rising tide lifts all boats overnight

Futures post gains after Tuesday's turnaround in corn. (Audio)

Grain futures are modestly higher across the board this morning, getting a lift from a variety of factors. Commodities in general benefitted from a weaker dollar, which helped crude oil test $62 a barrel. Corn saw follow-through buying from Tuesday’s reversal higher, while wheat was buoyed by first-day results from the wheat tour in Kansas, which showed disappointing yields in the northern part of the state.

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

Range of factors add up to a positive move for commodities overnight. (Photo: Tuckraider/iStock/Thinkstock)

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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