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Grain markets extends gains

Slower harvest pace and export interest keep rally alive

October 20, 2016

1 Min Read

After corn, soybeans and wheat all overcame selling Wednesday to close higher, bullish momentum is alive and well for another day, with most contracts extending gains overnight. A somewhat slow pace of harvest is limiting hedge pressure while strong soybean exports are keeping money moving into the complex. Crude oil is lower on profit taking but holding above $51, with more talk of inflation boosting commodities.

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

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Slower harvest pace and export interest keep rally alive

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 onwww.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 atwww.twitter.com/farmfutures.

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