Tariffs are back in the news and not in a good way for the market. The Trump administration is seeking $200 billion in additional tariffs on Chinese imports, and though the new duties won’t take effect for two months they had an immediate impact on already beleaguered futures. While soybeans held contract lows, corn slipped to another new low as the crop pollinates without lack of a series weather threat.
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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.