The grain market is trying to make it two in a row after starting 2018 with gains. Light but fairly steady buying helped lift corn, soybeans and wheat again overnight thanks to support from weather and demand news. Though export inspections were light last week after Christmas, ethanol usage boomed in November and soybean crush was strong as expected. Cold, dry weather also hurt winter wheat south of I-70 while temperatures heat up in Argentina.
Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook 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.