Grain futures are higher across the board this morning, and once again the red-hot soybean market is taking corn and wheat along for the ride. Strong demand underpins soybeans, while wheat finds support from sub-zero temperatures on the northern Plains. Most of the winter wheat fields in the western Nebraska and South Dakota has some snow cover, so potential winterkill looks limited.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
Prep your farm for 2015 with the Farm Futures Business Summit Jan. 7 & 8, 2015 in St. Louis, register today! And if you want to talk ag finance, sign up for the 2015 Ag Finance Bootcamp Jan. 6, 2015 ahead of the Business Summit.
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.