Bullish USDA reports Tuesday led to a mixed finish in the grain market, and now traders are moving on from that news to focus on weather. Hot temperatures will bake much of the Midwest later this week, with two-week forecasts staying warm. Investors are also shifting focus from the North Korean summit to the latest meeting at the Federal Reserve, which is expected to end today with another increase in short-term interest rates.
Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook page.
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.