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Serving: United States

Markets absorb trade bombshell

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Futures edge higher overnight after volatile session. (audio)

Looking at markets this morning you’d never guess that trading on Wednesday was about as wild as it gets in everything from stocks to soybeans. China’s swift move to propose a laundry list of retaliatory tariffs on U.S. goods – many of them produced by farmers and ranchers – sent markets reeling yesterday. While the stock market eventually closed with big gains, grain futures were able to settle off lows and continued to edge higher overnight. Still, the dust-up over trade reminded traders about the already weak state of U.S. soybean sales to China this year, ahead of the latest export report from USDA.

 

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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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