Selling continued in the grain market as trading in a new week got underway. Expectations for large corn and soybean crops weighed on prices as harvest begins in the Delta, adding further pressure in the cash market. While speculators bought corn and soybeans early last week, covering short positions, investors jumped into the stock market, sending the S&P 500 Index to an all-time high.
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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.