April 18, 2016
Traders braced for a volatile session overnight after talks among OPEC oil producing nations failed to reach an agreement on limiting production. That send crude oil sharply lower, pressuring stock markets in Asia and Europe. Soybeans have tracked crude oil lately and followed suit, but quickly rebounded to new highs after it became apparent Brazilian President Dilma Rousseff would be impeached.
Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).
Global markets hit with crude oil challenge, but grains rebound on weather fears. Soybeans get a bump. (Photo: Scott Olson/Getty Images)
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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