Farm Progress

Quiet markets edge lower

Traders wonder what awaits prices on other end of holidays. (Video report)

February 16, 2018

With markets in much of Asia closed and U.S. traders headed into a long weekend for Presidents Day, the markets already have a holiday feel this morning. Futures mostly consolidated recent gains overnight, supported by dry weather in Argentina and across the U.S. southern Plains. Wall Street also looks ready to settle down following volatile trade in the dollar. The greenback slumped to a new three-year low around midnight Chicago time before reversing higher.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook 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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