Corn, soybeans and wheat for 2013 crop delivery all fell to new lows last week, but thin holiday trading may have masked the market's true sentiment. Prices are moving higher this morning, with traders waiting for the latest forecasts and crop ratings, ahead of yet another USDA report, which will update the agency's production, supply and demand estimates.
Listen to the report using the audio link on this page.
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.