October 19, 2016
Grain markets haven’t shown much direction so far this year, and that trend continued overnight. While soybeans tried to stay steady despite choppy trade, corn and wheat drifted mostly lower after a higher open fizzled. Outside markets focused on Chinese economic data and energy, as crude oil tested $51 a barrel on indications U.S. production fell last week.
Listen to today's audio commentary with the online player. (just scroll down).
Overnight trade friendly to soybeans, corn and wheat slide.
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.
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