Strong dollar remains anchor on prices

Strong dollar remains anchor on prices

Egypt could face hurdles buying wheat. (audio)

Grain futures are trying to turn around this morning, with limited success. Corn and wheat and mostly steady to a little higher, but soybeans are seeing more liquidation as fund managers dump bullish bets. Outside markets face stronger dollar again today, while wheat traders wait to see if renewed zero tolerance standards for ergot in Egyptian tenders attract any offers.

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

Grain futures are trying to turn around this morning. (Photo: maciek905/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.

TAGS: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish