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Quiet markets wait for next storm

Corn makes another stab at chart breakout. (audio)

May 3, 2019

1 Min Read

As one storm system exits the Midwest this morning, shippers are dealing with the aftermath of recent heavy rains that choked off traffic along the Illinois River. More precipitation is on the way over the next week but forecasts are finally hinting at a return to more normal rainfall in the western Corn Belt. Financial markets also brace for volatility with release of the latest jobs numbers today.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this 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 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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