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Charts pass latest test

Futures reverse higher to start crucial week. (Video report)

A lower open across the board Sunday night didn’t last long as selling quickly dried up at the start of a crucial week for the grain market. This afternoon’s crop progress reports will show whether farmers planted any more corn last week, with USDA updating its estimate for acreage on Friday. The trade war between the U.S. and China also faces a test later in the week at the G-20 summit in Japan, where President Trump and President Xi of China are set to meet.

Watch the latest Facebook video posting from Bryce Knorr and be sure to like or follow the Farm Futures Facebook 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.

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