Waiting is the watchword in the market today. While farmers in the northwest Corn Belt keep track on forecasts for potentially heavy rains into next week, Wall Street bides its time until release of the Federal Reserve’s latest statement on monetary policy, along with a quarterly press conference from Chairman Ben Bernanke. Choppy trade is the result, from stocks to soybeans.
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.