Thin trade in choppy markets defined what’s happen so far to grain futures that are limping into the weekend after more disappointing moves this week. Corn and soybeans posted modest gains while winter wheat contracts eased thanks to gains by the dollar. Export sales out this morning aren’t expected to move the market much as traders wait for next week’s update by USDA.
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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.