Rains sweeping across the Midwest will slow harvest this week as Michael makes landfall today as a major hurricane before sweeping through the Southeast. Corn ratings eased last week but soybean conditions were steady, and USDA likely will report still burdensome supplies when it updates monthly forecasts Thursday. Grain futures were choppy in light but mixed trade overnight, a condition mirrored on financial markets following a turbulent start to the week.
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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.