Stocks Remember 'Black Monday'

Stocks Remember 'Black Monday'

Soybeans suffer the most but wheat holds on to gains on Ukraine export ban. (Audio)

It's the 25th anniversary of the biggest one-day drop in the Dow back in 1987, and stocks seem to be celebrating by suffering a triple digit loss. The decline has soybeans lower again, too, fading gains from an overnight rally. News Ukraine is banning wheat exports triggered buying across the board, and wheat is holding on to most of its gains.

Listen to the report using the audio link on this page.

Soybeans suffer the most but wheat holds on to gains on Ukraine export ban.

Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and 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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