While traders mull potential shocks from the May 9 USDA report, weather remains front and center as May got underway. The wheat tour found disappointing yields in Kansas, but that may not be enough to rally prices much longer. Weather also wasn't good for corn planting, though you wouldn't recognize problems after futures headed south. Soybeans broke too but should remain volatile, according to Farm Futures Senior Market Analyst Bryce Knorr, who discusses spring pricing opportunities.
Watch the conversation using the video link below.
Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.