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Markets wonder what’s nextMarkets wonder what’s next

Global politics and U.S. weather support prices. (audio)

May 9, 2017

1 Min Read

Sunday’s elections in France are already old news, at least in the market, which focuses today on results of balloting in South Korea. Traders are also digesting Monday afternoon’s Crop Progress report, which showed weather hurting winter wheat and hindering planting in northern and western parts of the Midwest. Prices are little changed overnight, as traders wait for Wednesday’s supply and demand reports, which feature USDA’s first monthly forecasts for new crop stocks.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

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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