Farm Progress

Futures pull back from rally

Dry forecast looks better for harvest. (Video report)

October 15, 2018

1 Min Read
Chill in the market

Grain markets are mostly a little softer as overnight trading winds down, digesting last week’s rally. While remnants of Tropical Storm Sergio move through the U.S. from the southern Plains to the Ohio River Valley, other areas should begin to dry out from heavy rains that closed traffic on the river system and kept farmers out of the field. Financial markets are still stormy after last week’s volatile trade, as Wall Street tries to provde selling was just a normal correction.

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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