Soybean futures tried to avoid the selling in wheat on Monday. Wheat is still a little lower this morning on follow-through selling, but beans are bouncing back after a test of six-month lows to start the week. Wheat continues its moved towards winter lows after Monday’s downdraft, with rain helping hard red winter wheat and more in the forecast. Corn is also steady after a slow start to planting, but drier conditions in the second week of forecasts could help get producers into the field.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
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.