Soybeans sputtered on Wednesday, hurt by news the first phase of a trade deal with China might not be signed until December. Futures trended lower again overnight until Chinese officials said the two sides agreed to roll back tariffs in phases if a deal gets done. Those reports triggered buying across the board in the grain market and lifted stock index futures to new record highs.
Knorr discusses overnight market moves with Josh Scramlin sitting in for Pam Jahnke, Wisconsin Farm Report, and you can listen using the audio tool below.
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.
Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin. Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back. Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.