June 18, 2018
After getting bashed last week by the escalating trade dispute between the U.S. and China, soybeans are trying to reverse higher this morning. Corn and winter wheat aren’t so lucky though Minneapolis futures found support from news a field of GMO wheat was found in Canada. South Korea joined Japan in suspending imports from Canada as a result. More heavy rains are headed to the Corn Belt this week, though some of last week’s storms were too much of a good thing, flooding some fields in Illinois with nine inches of rain.
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.
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