Farm Progress

Chinese holidays, South American weather in focus. (audio)

January 23, 2017

1 Min Read
FeelPic/ThinkstockPhotos

Grain markets are mostly lower this morning, following the lead of stocks and commodities around the world. Soybeans are giving back some of their recent gains on forecasts for drier weather in Argentina, though rains in Brazil are raising some concerns over harvest problems there. Traders also wonder how much of a slowdown will be seen during Lunar New Year holiday’s that start Friday in China. The dollar is weaker, reflecting worries about the ability of President Trump to follow through on plans to stimulate the economy.

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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