Farm Progress

Quiet markets wait for weather, trade

Strong dollar roils Wall Street, but grain futures focus on exports and harvest delays. (Audio report)

October 4, 2018

2 Min Read

Grain markets sometime follow news from financial markets closely, but that’s not the case today. The dollar is stronger, adding to gains thanks to rising U.S. interest rates providing a safe haven for investors worried about everything from trade to global politics. While stock markets sold off around the world, futures on corn, soybeans and wheat are a little higher in quiet trade. Export sales data out this morning could change that mood, as harvest pressure eases with storms bringing heavy rains to the Midwest and southern Plains over the next couple of weeks.

Knorr discusses overnight market moves with Jenna Lee who is sitting in for Pam Jahnke, Wisconsin Farm Report, and you can listen using the audio tool 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, and be sure to like or follow the new Farm Futures Facebook page.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

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