Grain futures edged mostly higher overnight but without a whole lot of enthusiasm after Tuesday’s sharp break. While more storms are moving through the western Corn Belt this morning, the outlook appears to be trending drier for the eastern half of the country, tempering the slow planting story a little. Burdensome inventories are an even greater drag on the market right now as traders wind down ahead of the Easter holiday.
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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.