Grain futures are mixed this morning in a fairly quiet overnight session after a lot of volatility Tuesday. USDA’s series of reports contained plenty of surprises, sending prices higher though they didn’t solve the problems created by burdensome supplies. Outside markets are noticeably calmer today on better than expected trade data out of China.
You can listen to Bryce's comments using the audio player below.
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.