A weak dollar following a new statement on monetary policy from the Federal Reserve normally means the central bank hasn’t done anything to increase interest rates. That indeed was the case in the wake of the Fed’s July 27 update. But don’t expect the stalemate to last long. Investors at least appear to be betting rates could ratchet higher as soon as December.
To continue reading, download the complete report using the pdf link.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 farm 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 farm crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.