Grain markets are higher as trading gets underway Monday morning, led by a corn market that's facing very tight inventories this spring and summer. USDA's decision to increase its estimate of feed usage in Friday's supply and demand report as traders beginning to wonder if corn usage for ethanol production will be trimmed, speculation fueled by a surge in prices for RINs, which blenders use to offset their inability to meet the renewable fuel usage mandates.
Farm Futures Senior Editor Bryce Knorr talks with Mick Kjar of Valley News Live in Fargo, N.D.
Listen to the conversation using the audio link on this page.
Bryce Knorr, Senior Editor, 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.