Forecasts for a week of fairly hot and mostly dry weather aren’t stirring much interest overnight, though the outlook is providing some support to futures. While some weather models show the heat easing in the second week of the outlook, traders appear cautious ahead of Thursday’s supply and demand report, which will incorporating controversial June 28 acreage projections into its production estimates for corn and soybeans.

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.