The Buzz: Market Believes Rain Makes Grain, Mostly

The Buzz: Market Believes Rain Makes Grain, Mostly

Big ratings of corn and soybeans keep new crop prices under wraps

Farmers hoping for a weather rally this summer so far haven't had much if anything to get excited about. While heavy rains flooded fields and added insult to injury for the hard red winter wheat crop, traders weren't impressed. Even signs of strong ethanol production and old crop soybean exports produced only a modest reaction. Grain Market Analyst Bryce Knorr discusses the trends, and why the weather rally is a non-starter.

Big ratings of corn and soybean keep new crop prices under wraps

Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress 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.

TAGS: USDA Soybean
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