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Grain Futures Struggle to Recover

Grain Futures Struggle to Recover

Overnight rally fades on the latest forecasts, while tensions over Syria could also spill over. (Audio)

Prices tried to mount a comeback in the overnight session following Tuesday’s sharp turn lower, but forecasts for cooler temperatures and better chances for rain next week appeared to take the steam out of that effort. Questions remain, of course, about just how much corn and soybeans will suffer, though end users around the world are just beginning to take notice of the hot weather baking the Corn Belt this week. Tensions from outside markets could also come into play again today, as the West mulls its response to the chemical weapons attack in Syria.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

GLOBAL ISSUES: Hot weather worries trade, but trouble in the Middle East over-shadows the market.

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.

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TAGS: USDA
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