May 27, 2016
Markets are trading mixed this morning after a choppy overnight session. Futures were fairly firm in Asia before moving lower into early trade in Europe. Soybeans have bounced back the most, with old and new crop futures trying to overcome bearish chart reversals on Thursday. Traders going out-of-town for the holiday will find plenty of rain in the western Midwest and Plains, but farmers in the far eastern Corn Belt could get a break for late corn planting.
Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).
Overnight trade is choppy, soybeans try to recover from that Thursday drop.
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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