November 10, 2016
The roller coaster ride on global markets is on again today, with Dow futures surging to a new all-time high overnight as investors cheered spending and tax cut plans from President-elect Donald Trump. The U.S. grain market jumped on the coattails of those gains, helping soybeans eliminate yesterday losses caused by bearish USDA reports. Export sales data out this morning could show whether than renewed optimism is warranted.
Listen to today's audio commentary with the online player. (just scroll down).
ON THE RISE: Overnight trade of soybeans bouyed by new high-market sentiment after Trump win.
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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