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Markets quiet after bearish crude breakMarkets quiet after bearish crude break

Demand data remains mostly positive as trade eyes USDA reports. (Audio)

January 4, 2017

1 Min Read

Grain futures are narrowly mixed this morning, reflecting a cautious tone in most markets after a fairly volatile start to 2017. Tuesday’s rally was derailed in part by a big reversal lower in crude oil, which succumbed to a sharp increase in the value of the dollar. The greenback is softening a bit this morning, helping put a floor under the market. Data on corn and soybean crushing out Tuesday was good, keeping consumption above levels forecast by USDA for the 2016 crops.

Listen to today's audio commentary with the online player. (just scroll down).

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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