Grain futures are lower this morning across the board after an attempt by corn and soybeans to rebound fell flat. Steady selling overnight mirrored the trend in outside markets where a stronger dollar is an indication of a risk-averse mentality, sending stocks and commodities lower. While Monday’s Crop Progress report raised a few concerns crops remain in good shape, making it harder to rally as traders look forward to hedge pressure.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
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.