After hitting a rough patch recently, grain futures are trying to finish the week with some gains, but there continues to be no reason for prices to move significantly higher. Growing season weather here in the U.S. remains favorable for corn and soybeans, while competitors around the world have plenty of grain to sell too. Crude oil is higher but off overnight gains of a buck a barrel, with concerns about Iraq raising energy prices this week.
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Bryce Knorr, Senior Market Analyst, 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.