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Grain market tries to buck 'Trump Trade'Grain market tries to buck 'Trump Trade'

Futures quiet despite turmoil on Wall Street after health care vote. (Video)

March 27, 2017

1 Min Read

By the looks at the board in the grain market today it could just be another Monday in March. Futures are narrowly mixed after a rally attempt early Sunday night fell flat. But outside markets are reacting negatively to Friday’s failure to pass health care reform, sending investors out of the “Trump trade.” Wall Street rallied after the election on ideas tax cuts and infrastructure spending would boost the economy. Funds continue to sell commodities, including Ag contracts, believing diversification into commodities may no longer be an asset if slow growth is ahead.

Check out Bryce's comments in a special Facebook live post below.

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.

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