March 6, 2017
Grain futures are moving a little higher this morning, going against the trend seen in outside markets, which are retrenching on risky bets. While investors boost odds for the Federal Reserve to raise interest rates next week, grain traders aren’t expecting big changes when USDA updates its forecasts for supply and demand on Thursday. Weather over the next two weeks looks wet from the northern Plains into the eastern Midwest and Southeast, but hard red winter wheat on the Plains could remain mostly dry.
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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.
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