USDA's crop report out on Thursday is expected to focus on South America, where the crop is growing. Argentina's acreage is likely to be cut because they have experienced flood, but Brazil's crop is reported to be coming on strong.
Volatility in outside markets is impacting crop prices.
There has been a run up in nitrogen-based fertilizer markets because China has quit exporting.
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.