Rain appears to make grain – at least that’s what USDA found Wednesday with its big estimate of hard red winter wheat. But more storms are headed for the southern Plains, raising concerns about the quality of the crop.
Corn and soybean fields in parts of the Midwest are also due for very heavy, perhaps flooding rains as traders also try to focus on demand for U.S. production in a crowed world export market.
Listen to the report using the audio link on this page.
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.