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Markets hold on report positioning

Traders wonder how USDA will surprise. (Video report)

Futures are posting modest gains as the overnight session winds down, with traders starting to focus on Friday’s USDA reports. A wide range of estimates for corn and soybean production creates a lot of uncertainty and potential for surprises after a challenging growing season that’s not over yet. More snow is hitting the Upper Mississippi River Valley today with the early start to winter continuing.

Watch the latest Facebook video posting from Bryce Knorr and be sure to like or follow the Farm Futures Facebook 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 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.

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