Farm Progress

Market Update for April 3, 2017

Bryce Knorr discusses factors impacting the market. (audio)

April 3, 2017

There's been positive follow through from Friday's USDA reports with the winter wheat and corn market contracts trying to stabilize with the exception of spring wheat. The reports were bearish for soybeans.

Outside funds are turning bearish.

Political uncertainty is impacting the markets, including election in France where far-right candidate is expected to win election.

First crop progress reports of the season are out today. Watch for the national winter wheat ratings. Corn may or may not be in the report, but some planting has occurred as far north as southern Kansas.

It's raining today in eastern Kansas, but the forecast is mixed beyond this week.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

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