Most markets from stocks to soybeans are choppy today, waiting for a speech by Federal Reserve chair Janet Yellen at the central bank’s annual Jackson Hole, Wyoming conference. Other fed officials have been talking more aggressively about the potential for raising interest rates again as soon as September, and investors are waiting to see if Yellen adds fuel to those fires – or dampens them. While most of the fallout from the speech will occur on Wall Street, major moves could spill over into crop markets trying to figure out how big this year’s crops really are.
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Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.