Grain Futures Make Modest Gains Overnight

Grain Futures Make Modest Gains Overnight

Wet weather stalls harvest, putting demand in focus today. (Audio)

While the debate rages over the size of 2013 corn and soybean markets, traders’ focus today could be on the demand side of the balance sheet as precipitation parks combines. Big wheat tenders the next couple days could confirm whether U.S. prices are at all competitive into North Africa, while some think corn is too high priced at three year lows.

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

SOGGY STALL: Wet weather slows harvest, traders to focus on demand.

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 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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