Farm Progress

Futures firm as frost talk starts

Corn tries to recover from new contract lows after break through chart support. (Audio report)

August 31, 2017

1 Min Read

Grain futures are quietly mixed this morning. Weather remains a key issue for markets. Gasoline prices are up another dime already today and traders are wondering if damage to rail facilities in Houston could clog the rest of the nation’s rail system just as farmers need to move grain at harvest. Some frost talk is also surfacing, as forecasts call for below average temperatures to continue. Weak corn based spurred large deliveries against September futures today on first notice day, as that market ties to firm after a break to new contract lows Wednesday.

Knorr discusses overnight market moves you can listen using the audio tool below.

Senior Editor 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 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. And you can follow Farm Futures throughout the day on Twitter at twitter.com/farmfutures. And check out our new Facebook page at facebook.com/farmfutures.

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