Corn prices tried to ignored the bloodbath in soybeans today, and even traded higher for a while. But a major move lower in beans was too much for the other crops, sending not only corn prices but wheat prices sharply lower. Corn and beans have support below today's lows, but the selling may not be over in beans if funds liquidate their bullish bets.
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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.