One of the biggest grain market days of the year is off to an inauspicious start, with corn, soybeans and wheat all moving lower overnight. Rain moving through the Plains and a cooler forecast this week is one factor keeping traders cautious ahead of USDA reports that drop at 11 a.m. CDT. More protests in Hong Kong also rattled financial markets, sending stocks lower as investors turned to gold for safe haven protection.
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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.