Corn Market Turns Around

Corn Market Turns Around

Worries about rejected shipments to China surface overnight. (Audio)

The corn market was drifting lower overnight after another report that China rejected U.S. shipments due to an unauthorized GMO variety. But prices turned around quickly a couple hours after trading started in Europe, moving prices higher across the board. Traders are watching a blast of Arctic air headed for Nebraska tonight that threatens hard red winter wheat fields if enough protective snow cover doesn’t fall ahead of the system.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

CHINA RUMORS: Talk of a rejected shipment due to an unapproved GMO variety has corn drifting lower overnight - Bryce Knorr has details.

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.

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TAGS: USDA Soybean
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