Grain futures are starting a new month with selling across the board. Short covering from Friday’s USDA stocks reports for corn and soybeans ended quickly, with commodity prices weakened by a stronger dollar. Low water levels on the river system add another layer of worry, making shipping difficult at a time when exports should be ramping up for the season. Basis levels for soybeans were especially hard hit last week. News of fresh export sales could also be light this week due to holiday’s that will shut markets in 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.