Soybeans try to lead market higher

Soybeans try to lead market higher

Fed meeting this week is focus for Wall Street. (Audio)

While farmers trying to make some progress this week harvesting 2016 crops, investors around the world wait for Wednesday’s verdict on monetary policy from the Federal Reserve. While no increase in interest rates is likely, the central bank’s statement on monetary policy and economic forecasts will be parsed for clues. Soybeans continued their rebound overnight though corn and wheat pared early gains.

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

Traders turn their eyes to the Fed for information, even as combines roll.

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.

TAGS: USDA
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