Rumors Swirl, Taking Corn Back Above $4

Rumors Swirl, Taking Corn Back Above $4

Weather and demand concerns in play to take prices higher. (Audio)

Buying in corn late in the overnight session helped grain futures turn around, with the March contract topping $4 and posting its best showing since mid-July. Rumors of new interest from China in DDGSs along with potential for a return to colder weather that could damage winter wheat appears to be driving the rally, as December contracts see a flurry of activity in the delivery market as they prepare to go off the board at noon today.

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

Weather and demand concerns in play to take corn prices higher

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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 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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