Farm Progress

Slow harvest buoys futures

Markets fight to hold support on charts. (Video report)

November 14, 2018

1 Min Read
JuanCruzdF/ThinkstockPhotos

Grain futures are starting to gain some traction today, posting modest gains in what’s been a fairly quiet overnight session so far. Corn, soybeans and wheat battled support levels on price charts Tuesday, with the market attracting a little buying today after USDA Crop Progress report showed slower than expected harvest and winter wheat seeding. Crude oil futures are trying to hold above $55 after losing more than 25% of their value.

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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