Long-awaited estimates from USDA revealed corn and soybean crops that weren’t quite as big as expected, though both estimates of production and yields were records. That should raise inventories to burdensome levels, unless better demand emerges. Exports could pick up if crops are damaged elsewhere, and several threats are emerging. Market Analyst Bryce Knorr discusses the potential for rallies, along with the outlook for storage, in the latest installment of our multi-award winning video series.
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.
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