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Grains firm overnight, bouncing back from losses

Open weekend for harvest could boost hedge pressure on options expiration

October 21, 2016

1 Min Read

Bearish reversals lower in key grain contracts Thursday took the steam out of an export-driven rally, but futures are trying to bounce back this morning despite a stronger dollar. Growers should enjoy good weather for harvest this weekend in the Midwest, which could increase late hedging today just as November options stop trading.

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

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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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