More storms are headed through the Corn Belt over the next week, keeping a large part of the country wet from the southeast Plains to the Great Lakes. The new systems could effectively close the planting window for corn, with a wet outlook into the end of June also hampering soybean seeding. Prices gave back some of Tuesday’s rally overnight but are trying to firm, helped by higher trade in wheat, which doesn’t like moisture either headed into harvest.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this 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 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.