Grain futures are mixed this morning, after attempts to firm faded after trading in Asia wound down. Rains from Hurricane Irma will spread as far north as the Ohio River Valley this week, but most of the weather talk in grains focuses on slow crop development. A shift towards warmer and wetter weather could extended the growing season in some areas. Markets could remain choppy into Tuesday’s USDA reports, which are expected to show lower yields than the government found in August.
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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. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.