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Slow planting triggers rally

Markets turn focus from trade to weather and slow progress. (Audio report)

The U.S. trade war with China dominated most markets around the world over the past week. But with no action likely on tariffs until next month, traders finally turned their attention to the issue that’s most important for farmers right now – delays planting 2019 crops. With just 30% of corn fields seeded it’s highly unlikely enough ground will be covered in the next week to avoid a setback to corn’s production potential.

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 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.

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