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Serving: United States

Quiet markets wait for export news

TAGS: USDA
Quiet markets wait for export news
Traders take on a little more risk after no surprise from Fed. (Audio)

Grain futures are mixed this morning, but corn and soybeans are enjoying a big of support as traders wait for the latest news on exports. Strong ethanol production last week was encouraging, but the energy complex got blasted yesterday by a record increase in U.S. crude oil stockpiles. The Federal Reserve put out its latest statement on monetary policy Wednesday, leaving rates unchanged, letting money managers tackle a little more risk today.

Listen to today's audio commentary with the online player. (just scroll down).

Overnight trade mixed but corn and soybeans benefit as traders await export news.

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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