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Midwest storms dampen market overnight as commodity rally fades. (Audio)

August 24, 2016

1 Min Read

The bullseye for heavy rains over the next week keeps shifting. Today’s maps show Kansas in the crosshairs over the next week with potential for five inches or more in some areas of the state. Rains could help some fields, but warmer temperatures could bring a quicker end to the growing season too over the next two weeks. Markets are taking a bearish view this morning, with additional pressure coming from outside investors, who seem to be taking a dimmer view of commodities this week.

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

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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.

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