Mild, if not cool weather is moving into the Corn Belt following a big front that brought more rain and a taste of fall to the region. What that means for crops is still unknown as markets try to tread water and avoid a break to new lows. So far, most contracts are holding the line this week despite mixed news about demand. Financial markets are also playing a waiting game, eager to hear Federal Reserve Chairman Jerome Powell’s comments today at a speech in Jackson Hole, Wyo.
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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.