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Futures retreat on weather break

Planters roll but progress still far behind (video)

Better weather for planting got some farmers back in the field last week but progress reported this afternoon is still expected to be a record low levels for corn and soybeans. Nonetheless, the break from cold, damp conditions sent futures lower overnight on follow-through selling from Friday’s decline. Outside markets are headed in the other direction, boosted by resolution of the U.S.-Mexico tariff spate.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this 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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