Farm Progress

Weather, exports keep markets mixed

Turn drier could help harvest after rain and snow. (Video report)

November 12, 2018

1 Min Read
monsitj/iStock/Getty Images Plus

Grain markets traded mixed overnight in fairly quiet trade, with questions about weather and exports dominating the discussion. Basis popped in exports markets last week thanks to strong shipments of corn and soybeans, while wheat found support from wet conditions hampering seeding in Kansas. A shift warmer and drier over the next 10 days could get farmers back into the field before precipitation returns.

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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.

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