Weather, Greece pressure markets

Weather, Greece pressure markets

Futures plunge on nervous selling and better growing conditions. (Audio)

Grain futures are sharply lower this morning, following other markets to the downside after voters in Greece rejected austerity measures demanded by creditors. Better weather conditions over the holiday weekend added pressure after less rain than expected fell over the central Corn Belt, with warmer weather adding growing degree days.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo. You can listen to his commentary by clicking on the audio link on this page. We've also embedded the video from this morning's conversation at the end of this article too.

Weather and Greek uncertainty roil the markets. Overnight trade is unfriendly to commodities.

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.

Making sense of new technology and how it can be put to work on your farm will be important for the future. Check out this webinar playback of The More You Know, the More You Grow.

TAGS: USDA
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