Markets from stocks to soybeans are calm this morning. While that’s not necessarily a bad thing, it’s also keeping grain futures from rallying. With little news about supply until Jan. 10 USDA reports, moving markets depends on demand. Corn, soybeans and wheat all face a lot of competition around the world for a pie that isn’t growing.
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 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 outlooks for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other outlooks for basis, energy, fertilizer and financial markets feature price forecasts for key crop inputs. A journalist with more than 45 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.