Futures pull back on commodity slumpFutures pull back on commodity slump

Grain futures are lower this morning, attracting some follow-through selling after Tuesday’s decline. Some of the pressure may be seasonal, as buyers turn to South America for soybeans and Chinese traders prepare for week-long Lunar New Year holidays. Crude oil and gold are also lower despite a weaker dollar and gains on stock markets around the world.

Listen to Bryce Knorr's market comments 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 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.