May 31, 2016
Grain futures are mostly lower in mid-morning trade, faltering at the open as outside markets provided pressure. Disappointing export inspections for corn and lack of new soybean shipments to China hurt prices some, though beans found support from firm crude oil futures. Wheat inspections were better than expected but year-to-date totals are below USDA’s forecast, which should increase beginning stocks for the 2016 crop marketing year that begins Wednesday.
Listen to the report using the audio link on this page.
Grain futures are mostly lower in mid-morning trade. (Photo: maciek905/Thinkstock)
Senior Editor Bryce Knorr 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.
For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.
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