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Grain Futures Quiet Ahead Of Big Day In D.C.

USDA issues grain stocks and wheat production data, then gets ready to turn out the lights. (Audio)

Published on: Sep 30, 2013

USDA’s quarterly grain stocks and small grains summary will be released this morning as scheduled, with regular crop ratings due out after this close. After that, however, the path is unclear, with the budget battle in Washington threatening to shut down the government at midnight. Financial markets are sharply lower due to uncertainty over the impact of the dispute, which has sent investors fleeing from risky assets.

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

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.

UNCERTAINTY: The shutdown showdown has traders nervous, and its dragging down markets.
UNCERTAINTY: The shutdown showdown has traders nervous, and it's dragging down markets.

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