August 1, 2017
Grain futures are mixed this morning, turning a page on the calendar with mostly more of the same trade seen at the end of July. Soybeans posted double digit losses overnight after USDA reported improving conditions last week, keeping yield potential average. August weather maps show no threats to corn or soybeans, while forecasts for the next week turned wetter as well, adding to bearish pressure. Wall Street headed in the other direction. Stocks rallied around the world and the Dow looks ready to try for another new record on the opening bell today.
Check out Bryce's comments in a special Facebook live post below. Note this is from our new Facebook page at facebook.com/farmfutures. On that page we'll be posting new alerts and other updates regularly.
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.
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