June 20, 2016
Markets are moving in different directions this morning. Grain futures are lower across the board, with forecasts for cooler and wetter weather over the next two weeks potentially easing some of the stress developing on corn and soybeans. Financial markets are sharply higher, sending safe havens like the dollar lower, with investors cheering hopes for British voters to back staying in the European Union in this week’s “Brexit” referendum.
Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).
Overnight trade mixed with commodities down, financials up. Weather, and 'Brexit' at work.
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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