Traders expect this afternoon's crop ratings to show more deterioration in the hard red winter wheat crop, helping boost Kansas City wheat futures despite more news about sluggish wheat exports. Corn and beans are also posting gains, but are off highs, with soybean export inspections below trade hopes.
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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.
Beans fade highs on lower than expected export inspections.