August 3, 2018
Wheat lost most of its gains Thursday after a big rally took out May highs and is fighting to get back in the black this morning. Weather problems around the world continue to offer support to corn and wheat as traders continue the countdown to next week’s USDA report. Soybeans moved off session lows but still face resistance due to slowing exports complicated by the trade dispute with China.
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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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