Farm Progress

Jobs numbers could swing mood

Futures pull back overnight after testing chart targets. (Audio)

February 3, 2017

1 Min Read

Grain futures are a little lower this morning, after corn, soybeans and wheat all tried but failed to break through technical resistance on price charts Thursday. Outside markets are also choppy, waiting for release of January jobs numbers at 7:30 CST. Investors expect the economy created 175,000 jobs last month, as data has mostly been running friendly lately.

Listen to today's audio commentary with the online player 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.

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