Futures sold off after Tuesday's USDA supply and demand report, but don't blame the agency for the downturn. The government actually cut corn carryout more than anticipated, and its reductions for soybeans will right in line with trade guesses. But fears of big crops in South America, and elsewhere, set the market back on its heels. It's time to get down to gambling stocks in soybeans and wheat, says Farm Futures Senior Editor Bryce Knorr.
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Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. 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.