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Brexit defeat looms over market

Futures edge higher as waiting game drags on. (Video report)

What’s Britain’s exit from the European Union got to do with the grain market? Maybe not much, but the vote looming in Parliament today on the Brexit plan of Prime Minister Theresa May should go down to resounding defeat later today, and the uncertainty is keeping money managers in turmoil. Futures are a little higher but fading overnight gains following mixed trade on Monday.

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 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.

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