The dog days of August aren’t proving terribly hot in most areas, but markets are trying to avoid stagnation as summer ends. Corn and soybeans again moved higher overnight and once more they’ll be trying to hold on to those gains with little in the way of news hitting the trade. Wheat prices moved lower again, dragged by a weak tone overseas that turned the Chicago chart negative.
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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.