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Chill in the market

Futures soft ahead of USDA report

Global markets retreat from trade deal rally. (Video report)

Enthusiasm over a U.S.-China trade deal rallied markets around the world Thursday, but that bloom faded quickly, with everything from stocks to soybeans giving back gains. Grain traders are focused on today’s USDA reports, which will update production, supply and demand as a difficult growing season winds down.

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 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 outlooks for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other outlooks for basis, energy, fertilizer and financial markets feature price forecasts for key crop inputs. A journalist with more than 45 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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