It's been a while since grain traders had to look over their shoulder at outside markets, but the influence from Wall Street and beyond is starting to be felt again in Chicago. Rumors a big hedge fund was in trouble added to jitters caused by the latest minutes from the recent Fed meeting, with concerns about the weak European economy also in play. Futures traded lower overnight, as markets look forward to expiration of March options on Friday.
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Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.