The first week of October on average sees corn and soybean futures making harvest lows. But futures are moving higher so far as it looks like the markets made lows early in Mid-September. While the first weeks of harvest were earlier than normal, combines could slow over the next couple weeks as rains linger over the Plains and Midwest. Slower hedge pressure along with technical buying from funds covering bearish bets firmed prices overnight.

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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.

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