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Quiet trade waits for weather, demand

Quiet trade waits for weather, demand

Heavy rain forecast for central Plains could keep wheat soft. (Audio)

It’s Tax Day, but farmers eyes are on weather forecasts, not 1040’s. A drying trend over the next two weeks could help fieldwork and planting in the northwest Corn Belt, pressuring corn a little this morning. Wheat prices are mixed, as trades look at forecasts for very heavy rains predicted for Kansas and Nebraska that could have a big impact on the hard red winter wheat crop.

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

Full-fledged weather market has farmers, and traders, watching the skies. Dryer weather could speed planting.

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.

TAGS: USDA Soybeans
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