Farm Progress

Crop ratings stall selling

Imperfect start to growing season lifts futures overnight. (Video)

May 31, 2017

1 Min Read

USDA’s first ratings for corn and spring wheat came in below expectations Tuesday, helping lift grain futures higher overnight. The percentage of winter wheat rated good to excellent also slipped, though overall yield potential was fairly steady. Corn and soybean planting are still a little slow, with forecasts looking warming into the end of the week but also wetter in areas of the eastern Midwest and Plains already seeing stress.

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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 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.

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