February 7, 2018
Grain futures tried to attract some follow-through buying overnight on the heels of Tuesday’s turnaround, but that effort started to run out of gas in soybeans. Markets around the world remain on edge after this week’s turmoil on Wall Street, which could extend into today’s session. Traders will try to focus on the normal flow of data, which includes updates on petroleum and ethanol inventories today and a monthly USDA crop report on Thursday.
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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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