Grain futures are modestly lower as a mostly quiet overnight session begins to wind down. Corn and soybeans are giving back a little of yesterday's gains, while wheat holds yesterday's lows.
Rains over Kansas this morning should help winter wheat, but make a mess of things as the storm moves east. Wheat exports remain disappointing, making it easier for traders to take profits after the recent rally.
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Bryce Knorr, Senior Market Analyst, 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.
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