Grain markets are quiet as traders wait for release of USDA’s August crop reports at 11 a.m. CDT. Soybeans show a tendency to break following these reports but drier August weather could flip the pattern this year. Other markets show more anxiety due to trouble in Turkey that sent the U.S. dollar to its highest level in more than 13 months today.
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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 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.