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Quiet markets wait for jobs data

TAGS: USDA
Quiet markets wait for jobs data
Grain futures edge higher overnight on strength in Europe. (Audio)

Turbulent financial markets are quiet for a change this waiting, waiting for release of July employment data, one of the last hurdles the economy must pass before the Federal Reserve begins raising interest rates. Grain futures are also trading in narrow ranges, as traders get ready for Wednesday’s big USDA reports. Forecasts for warm and dry weather are pulling back a little, though losses in Europe continue to mount.

You can listen to Bryce's comments using the audio player below.

Quiet markets are waiting on jobs data, which offers an indication of which way the Fed will move on interest rates.

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.

This week Bryce Knorr offered a first look at 2015 corn and soybean production, check out a playback of this informative webinar ahead of the Aug. 12 USDA report. 
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