Sentiment in the market continues to change on almost a daily basis depending on the latest news on trade talks with China. President Trump speaks in New York today and traders are hoping he’ll have soothing words, because his negative comments over the weekend got the market off on the wrong foot Monday. With no news about the size of 2019 corn and soybean crops coming for two months, the market faces a lack of fresh insight that can make rallies difficult.
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.