Grain futures are trying to bounce back from another mostly bearish session Tuesday, but don't expect big price movements until USDA updates its production, supply and demand estimates at 11 a.m. Chicago time. The June forecasts likely won't include many changes in corn and soybeans, but traders are watching USDA's latest estimate of the hard-pressed winter wheat crop.
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Bryce Knorr, Senior Market Analyst, 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.