Farm Progress

Futures retreat from rally

Cool, wet forecasts dampen grain market mood. (Video report)

July 9, 2018

1 Min Read

Friday’s big rally in soybeans didn’t carry over into trading overnight, with futures giving back some of those gains. While tariffs were the issue last week, traders are taking a look at weather and yield potential today as the corn crop pollinates. Hotter temperatures this week should give way to cooler and wetter weather across much of the Corn Belt, where yield potential remains good.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook page.

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. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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