Markets Mixed As Tensions Simmer

Markets Mixed As Tensions Simmer

Wet holiday forecast keeps buying limited in corn and soybeans. (Audio)

Volume is already starting to wind down ahead of a Labor Day weekend that often seems to mark a turning point for the grain market. With warm, wet conditions forecast for the next two weeks, weather threats appear to be receding. Tensions in Ukraine remain a concern, but don’t appear to be boiling over into new violence yet. Corn is off a little overnight, while soybeans and wheat post modest gains.

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

Wet holiday forecast keeps buying limited in corn and soybeans

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 Soybean
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