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Short covering, charts fuel reboundShort covering, charts fuel rebound

Grain market edges higher after delivery setback. (Video report)

December 1, 2017

1 Min Read

Futures are trying to end a trying week on an upbeat note, after a short covering rally triggered buying to end November. Traders watching price charts are also trying to generate some momentum. Markets appear to be moving beyond heavy deliveries on December contracts thanks in part to tight farmer holding that’s strengthened basis in the cash market despite tepid exports.

Watch the latest Facebook Live 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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