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Crucial Weekend Ahead For Crops

Crucial Weekend Ahead For Crops

Nervous trade and gains by soybeans and wheat keep corn prices from selling off. (Audio)

How important are this weekend’s forecast rains for the U.S. corn crop? They’re crucial, as much of the crop should be pollinating after a week of very hot temperatures. A thin line of showers is already starting to move through the northwest part of the growing region, bringing cooler conditions and good chances for rain. Tight soybean supplies are sparking another run by August futures, while wheat is firm on better export hopes.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

CRUCIAL TIME: All eyes are on the weather as corn pollination starts in earnest.

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.

Looking for ways to maximize corn yield? We have a new free report - Maximize Corn Yield Potential - just updated for the 2013 season. The 32-page report offers a range of insight into ways you can put more bushels in the bin.

TAGS: USDA
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