Yellow market chart. maciek905/Thinkstock

Markets fade as angst returns

Bearish USDA soybean forecast matches gloomy global outlook. (audio)

Red is a popular color on price terminals today. Most markets from stocks to soybeans are lower, with only safe havens like Treasuries and the dollar posting gains. Grain futures moved lower on fallout from yesterday’s bearish USDA report for soybeans, which slashed the agency’s forecast for exports due to China’s tariffs. That trade dispute is also on the mind of investors around the world due to worries about global growth fueled by problems in the world’s largest country.

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.comhe 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures'free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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