October 6, 2016
Farmers encountered some slow going during the first quarter of the U.S. harvest this fall, but forecasts for warmer and drier weather next week could get the combines rolling, providing more results to firm up yield expectations. In the meantime traders are preparing estimates for USDA’s Oct. 12 report, which could show higher soybean yields but less corn production. Wall Street has its own numbers to watch out for: September jobs growth, which is reported Friday and could help pave the way for an increase in interest rates after the election.
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Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.
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