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Futures try to hold reversals

Weak dollar helps corn and wheat but soybeans stumble. (Video report)

Grain markets are mixed this morning, as many contracts try to hold bullish reversals on Thursday. Outside markets are also in play today, with investors eyeing first quarter U.S. GDP data out at 7:30 CST and a dollar pulling back from the top of its recent range. Trade talks with China get going again next week, getting a boost from conciliatory comments by China’s President Xi.

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 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 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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