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Wet forecast subdues corn

Wheat rallies again on weather concerns. (video)

Grain markets are mixed this morning, with overnight trade all about weather. Corn futures are a little lower in choppy trade, weighed down by forecasts for more rain over much of the Midwest in the coming week. Wheat markets are higher, buoyed by drier outlooks for the Plains. Soybeans are splitting the difference after rejecting a break below chart support Thursday.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the 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.

 

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