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Profit Taking Trims Grain Futures Gains

Farmers race to plant corn ahead of next round of cold, wet weather. (Audio)

Published on: May 1, 2013

Grain futures are lower as a quiet overnight session winds down, with holidays in China and much of Europe limiting buying interest. Bearish reversals lower in corn and soybeans Tuesday caused some follow-through selling in those markets, while wheat traders gauge damage in Kansas this week. Farmers were busy with fieldwork ahead of the next round of cold, wet weather that’s already starting to move across the U.S.

Farm Futures Senior Editor Bryce Knorr offers an early look at overnight trade. You can listen to his commentary  by clicking on the audio link on this page.

And be sure to check http://www.FarmFutures.com after 11 when we start posting information from the USDA report. We'll provide updates as we parse through the information. And you'll get more analysis in the afternoon edition of Farm Futures Daily - our twice-daily e-newsletter. If you want to see it, sign up here.

ROLLING FAST: In a good-weather gap, farmers are pushing to plant as much as possible; meanwhile profit-taking trims the market.
ROLLING FAST: In a good-weather gap, farmers are pushing to plant as much as possible; meanwhile profit-taking trims the market.

Senior Editor 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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