Weak dollar helps leaven prices

Weak dollar helps leaven prices

Markets try to move beyond Fed decision but caution prevails. (Audio)

Grain futures are mixed this morning following choppy overnight trading. Corn and wheat got some lift from a weaker U.S. dollar, which pulled back after the Federal Reserve announced it would postpone any increase in interest rates due to headwinds from troubled international markets. Soybeans are lower, with questions about export potential weighing on sentiment.

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

Choppy overnight trade gives corn, wheat a lift. Soybeans can't overcome export worries.

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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