Grain futures are higher this morning, led by double digit gains in soybeans, which are trying to recover from yesterday's downturn. While parts of the Midwest could pick up some much-needed rain over the next couple of days, the forecast shows very hot weather moving into the region next week, along with drier conditions. Outside markets are also nervous, waiting for release of the late meeting of the Federal Reserve.
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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.
Forecasts remain hot for next week, with chances for rain crucial over the next few days.