Steady crop ratings dent rally MicroStockHub/iStock/Getty Images Plus
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Futures steady after split decision

Stocks rally, dollar slips as traders turn focus back to crops. (Video report)

Results of Tuesday’s mid-term elections came in pretty much as expected, at least at the national level, returning divided government to Washington. Markets don’t necessarily see that as a bad thing, with the stock market poised for more gains today on Wall Street. Investors sold dollars bought as safe havens, giving a lift to grain markets trading little changed ahead of Thursday’s monthly supply and demand report from USDA.

Watch the latest Facebook video posting from Bryce Knorr and be sure to like or follow the Farm Futures Facebook page.

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 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.

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