Wall Street Worries Trump Weather

Wall Street Worries Trump Weather

Grain futures give back some of Wednesday's rally as investors fear Fed will take away the punch bowl. (Audio)

Crop prices reversed Wednesday’s big gains overnight. Profit taking was only one cause for selling. A sharp downturn on international financial markets could lead to more selling in U.S. stocks today, sending investors fleeing from risky investments, including commodities. However, yesterday’s rallied confirmed summer is officially here, a time when the latest forecasts can cause big price swings.

Farm Futures Senior Editor Bryce Knorr talks markets with Pam Jahnke, Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

FED WATCHERS: The market turns from commodities to the Fed and Wall Street action trumps any weather scares.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

Do you trust USDA acreage numbers? You could help us tell the WHOLE story - Take the Farm Futures Survey - and help us report planted acres ahead of USDA's June 28 estimate. A few minutes with us can help us tell the real story.

TAGS: USDA
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