Bulls try to go back to schoolBulls try to go back to school

Grain futures are higher this morning, paced by double digit gains in soybeans. Forecasts for potential frost in parts of the western Midwest Wednesday morning along with signs of stronger demand help spur follow-through buying as bears liquidate short positions. Wheat and corn are also higher, benefiting from steady buying during most of the overnight session. Last week’s dry trend over the Corn Belt could continue for at least another week, likely hurting ratings in this afternoon’s Crop Progress report.

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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. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.