Markets Crack Overseas
Selling in Asia and Europe pulls U.S. grain prices lower despite worsening conditions for corn and soybeans. (Audio)
Compiled by staff
Published: Jul 17, 2012
Futures rushed to new contract highs in corn and soybeans overnight, following a sharp reduction in crop ratings reported by USDA Monday afternoon. But markets began softening in Asia, with weakness eventually spilling over to Europe. That could set up a volatile day of trading ahead.
Farm Futures Senior Editor Bryce Knorr talks markets with Pam Jahnke, farm director, Wisconsin Farm Report.
Listen to the conversation using the audio link on this page.
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.
Selling in Asia and Europe pulls U.S. grain prices lower despite worsening conditions for corn and soybeans. Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin. Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back. Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.
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Tagged: usda, department of agriculture, wisconsin department of agriculture
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