After an initial bout of profit taking overnight, corn is holding on to gains from Friday’s big rally. USDA gave corn a lift with its smaller estimate of production and ending stocks, but the news for soybeans was mixed. Production was raised, offset so far by strong demand. Traders are watching weather in Argentina, which received rains over the weekend but faces another weak of hot and mostly dry conditions.
Farm Futures Senior Editor Bryce Knorr talks about the markets with Robert Hahn, Valley News Live TV, Fargo.
You can listen to his commentary by clicking on the audio link on this page.
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.
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