Trade talks seemed to stumble on Friday after reports Chinese visits to U.S. farms were cancelled. But soybeans bounced back overnight on news those tours had just been in the planning stage and could take place in October when formal talks resume. Better rhetoric from both sides over the weekend spurred buying that spilled over to corn, with spring wheat continuing to advance after heavy rains last week pummeled fields on the northern Plains.
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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.