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Markets head in different directions

Stocks and soybeans swoon but wheat and corn rally. (audio)

August 2, 2018

Trade tensions between the U.S. and China ratcheted higher on Wednesday, with the mood on financial markets also soured by U.S. sanctions on NATO-ally Turkey. Stock markets around the world sold off as a result today, with soybeans also losing ground overnight. But corn and wheat remain higher, supported by concerns about falling global production.

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.comhe 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures'free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.


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