Grain futures are lower this morning with markets of all stripes playing a waiting game. Crop prices could hinge on developments next week, including a USDA report out Thursday followed Friday morning by the first serious threat of frost. Wall Street won’t have to wait that long for direction. Jobs numbers for September due out at 7:30 a.m. CDT are expected to be weak, reflecting a series of negative economic reports out earlier in the week.
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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.