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Futures overcome lower open

Warm, dry weather advances harvest pace. (Audio)

October 17, 2016

1 Min Read
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Grain futures are higher across the board this morning, turning around a lower open Sunday to continue their firm tone despite good weekend of harvest progress and some likely hedging from elevators buying grain off the combine. Limited rain this week should keep wheels turning, with temperatures in the Midwest remaining above normal for the next two weeks. Outside markets aren’t as sunny, thanks to concerns about interest rates on the global economy that weigh on investor sentiment.

Listen to today's audio commentary with the online player. (just scroll down).

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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