Grain markets headed in different directions overnight, with the two major themes of 2019 in play – weather and trade. Corn continued its rebound as more storms rumbled across the Plains and Midwest, bringing a week of planting progress to a halt this weekend in many areas. Soybeans headed the other way, losing ground after rhetoric in the trade war between the U.S. and China heated up, making new negotiations more unlikely until President Trump and President Xi of China talk on the sidelines of the G-20 summit, which isn’t until the end of June.
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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.