Corn and soybean futures opened lower across the board overnight and were never able to claw their way back above water, with fairly steady selling seen. Wheat fared a little better but was still lower following a week where most fields picked up some rain and didn’t get singed by searing temperatures. With more mild weather in the outlook, buyers have little incentive to be aggressive after a little bargain hunting last 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.