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Wheat plunges to new lows derailing comeback in corn and soybeans. (Audio)

August 29, 2016

1 Min Read

Winter wheat futures fell to their worst level in a decade last week, and made new lows overnight. That weakness helped defuse a potential recovery in corn and soybeans, with many commodity markets also facing fallout from a stronger dollar. The greenback is gaining ground again today after comments by officials at the Federal Reserve last week appeared to pave the way for another small hike in interest rates later this year.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

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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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