August 10, 2016
Investors turned cautious around the world today, selling stocks in Asia and Europe and sending the dollar sharply lower on ideas the Federal Reserve will be slow to raise interest rates into next year. Sometimes a weak dollar is good for commodities, but the impact so far is mixed. Gold was the prime beneficiary, rising nearly $12 an ounce, but crude oil was weaker. Corn and wheat were flat, with only soybeans posting modest gains.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
Corn and wheat were flat, with only soybeans posting modest gains.
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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