The grain market suffered another meltdown on Thursday, led by winter wheat futures that plunged to new contract lows. Prices are trying to bounce back a little as outside markets hold their breath going into Sunday’s first round of voting in France’s presidential election. Midwest growers should have an open weekend for fieldwork if conditions permit, but forecasts after that look wet through the first week of May.
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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.