Independence Day is famous for producing big moves in prices when traders return from the break, but this year hopes for rallies are more of a flop than a pop. USDA updates its production, supply and demand forecasts July 11, and the latest batch of data isn't likely to provide much inspiration for bulls. Weather forecasts also remain benign, though delayed crop development is pushing back normal rally windows. Senior Editor Bryce Knorr and Market Analyst Paul Burgener talk over the outlook before firing up the grill.
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.