Farm Progress

Futures head higher as selling dries up

Crude oil surge gives life to commodities. (Video report)

June 27, 2018

1 Min Read

Grain markets headed higher across the board overnight after attempts to pressure prices lower fizzled. Money could be starting to flow back into commodities following a surge in crude oil Tuesday, spurred by U.S. efforts to get allies to stop importing oil from Iran. The latest Vegetation Health Index maps also showed that rain isn’t always good for crops, with deterioration noted in areas that received excessive coverage last week.

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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