Good Crops Weigh On Prices

Good Crops Weigh On Prices

Rains moving through Iowa could benefit dry areas. (Audio)

Reports from the field are generally confirming big corn and soybean crops projected by Farm Futures recent survey of growers, sending corn and soybeans lower overnight. Rains are moving through western Iowa this morning, headed towards dry fields in the eastern part of the state. Wheat prices bucked the trend lower and turned higher, with too much rain causing problems for the spring wheat crop from the northern Plains into Canada.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Rains moving through Iowa could benefit dry areas.

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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TAGS: USDA
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