There's a USDA report next week, but so far the market is focused on the here and now of headlines news, with plenty of information to move the ticker. Soybeans ran into technical selling on good weather in South America, while China rejected corn shipments due to an unapproved variety of GMO corn. A cold wind from Canada threatens winter wheat on the Plains, while a huge crop up north threatens the ability of prices to rally. Senior Editor Bryce Knorr and Market Analyst Paul Burgener discuss where prices have been, and where they're going.
Watch the conversation using the video link below.
Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.
Market Analyst Paul Burgener is a new addition to the Farm Futures team but has a solid ag economics history. A former University of Nebraska research coordinator and ag economist from the University of Wyoming, Burgener brings a lot of background to his new role. Most recently, he was also involved in agricultural finance, and will offer that perspective in future articles on the Web and in print too.