February 2, 2018
Grain futures are softer this morning. But while losses on the board are fairly modest, Wall Street is getting ready for a rocky start, with index futures indicating a sharply lower open ahead of today’s jobs numbers for January. While dry weather on the U.S. Plains remains a concern for winter wheat, traders are mostly ignoring hot, dry conditions in Argentina. Export sales gave corn a boost yesterday, but sales of soybeans and wheat remain a concern.
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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. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.
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