The market is at a bit of an inflection point. The 6-month rally is in jeopardy.
Will the Trump rally hold?
The Federal Reserve meets Tuesday and Wednesday and betting shows a 90% chance for the Federal Reserve to raise interest rates by a quarter of a point.
There's a lot of uncertainty in the world, with elections later this year in France and Germany, the Trump budget out this week and the CBO scoring the Republican health care bill.
On the weather front, 23% of the winter wheat crop in the U.S. is in drought areas.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
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.