Markets mull changing South American forecastsMarkets mull changing South American forecasts

Shifting weather forecasts have the market in a bit of a muddle today, but futures are working off overnight lows. Soybeans couldn’t hold a higher open as rains moved into the central part of Argentina’s growing region, but a drier forecast for the next two weeks kept selling modest. Two-week outlooks are conflicted for precipitation chances over the Plains, which face another dry week before better chances of moisture could emerge. Financial markets are also mixed as investors weigh the potential for a deepening trade war.

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 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.