Grains Still Struggling Overnight

Grains Still Struggling Overnight

Market tries to find footing ahead of expected bearish USDA report. (Audio)

New crop corn and soybeans plunged to new contract lows Tuesday, and attempts to stabilize prices Wednesday saw mixed results in the overnight trade. Soybeans hit a new low before holding, while corn is struggling to hold its low from yesterday. Outside markets have a better tone, sending the dollar lower after its move to 14-month highs this week.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Market tries to find footing ahead of expected bearish USDA report

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.

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TAGS: USDA
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