Grain futures are posting small losses this morning as the end of a volatile week of trade nears. While outside markets cope with the latest North Korean missile launch and a terror attack in London, weather forecasts added a new twist for those watching agricultural markets. The National Weather Service said development of La Nina cooling of the equatorial Pacific was likely this winter. While the event doesn’t look like it would last into the U.S. growing season – where it could impact yields significantly – the patter is associated with problems in Argentina. That county’s wheat crop has already been hit by flood.
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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.