Grain futures are trying to hold on to modest gains this morning, at the end of a week that saw markets make new lows following monthly USDA supply and demand reports. Investors appear to be ready to take more risk, reversing losses on Wall Street yesterday and also buying a little gold and crude oil. Gains in soybean futures came despite rains in Argentina as farmers there race to complete planting following a dry start to the growing season.
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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.