After trying to turn around following bearish USDA reports Friday, the grain market ran into storms overnight, both literal and figural. Rains moving across the Mississippi River this morning kick off a shift to cooler and wetter conditions into the end of August that could provide better conditions for filling corn and soybeans while also improving moisture for winter wheat seeding this fall. Financial markets endured their own tempests, sending stock markets sharply lower and causing investors to flee to the safety of the dollar, typically a negative factor for commodities.
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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.