Grain prices surged dramatically higher in June, after flooding rains stalled winter wheat harvest and kept corn and soybean growers out of their fields for planting. USDA June 30 quarterly stocks reports added more uncertainty to the outlook, trigger another round of buying.
Farm Futures Market Analyst Bryce Knorr offers his view of summer markets in a webinar hosted July 1 by the University of Arkansas Extension.
Editor's Note: To watch Bryce's portion of the report, start at 29:00.
Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress 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.