Quiet markets play waiting gameQuiet markets play waiting game

Grain markets are little changed this morning following a quiet overnight session. Reasons for caution abound in many circles today. The Federal Reserve ends a two-day meeting on monetary policy, while U.S. and Chinese negotiators get ready for more talks next week. More storms are headed to flood-ravaged areas over the next week or more, keeping weather an issue as well.

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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. 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.