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Grain Futures Market Drifts

Grain Futures Market Drifts

Sluggish outside trade and approaching USDA report keep buyers cautious. (Audio)

Soybeans are trading lower overnight, losing ground after the latest Crop Progress report noted further  improvement in conditions, increasing the likelihood of a substantial boost in production from Thursday’s USDA report. Prospects for surprises from the government are keeping the market in check, with Wall Street still looking nervous ahead of its open. Farm Futures Senior Bryce Knorr offers added insight in the audio report - use the player on this page to listen.

Sluggish outside trade and approaching USDA report keep buyers cautious.

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.

TAGS: USDA
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