Better Harvest Weather Pressures Prices

Better Harvest Weather Pressures Prices

Slow pace of planting in South America could help U.S. exports later. (Audio)

Grain futures are lower across the board Monday morning, pulling back after testing upside targets on charts last week. The slow pace of planting in South America provided a little support because it could extend the U.S. selling season for soybeans this winter. However mostly open weather for harvest this week could cause hedge pressure to build.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Harvest progress is moving along, which pressured prices in overnight trade.

Senior Editor 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.

Take on 2015 with the right set of financial and management tools, make plans now to attend the 2015 Farm Futures Business Summit, Jan. 7 & 8, 2015. Learn more at the event web page where you can register and make your hotel reservation.

TAGS: USDA
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