A cautious mood prevails across most markets this morning. Grain futures pulled back overnight, digesting some of yesterday’s big rally as traders braced for a wild day of weather that’s featuring everything from blizzards to floods from a hurricane-like storm on the southern Plains. Turbulence in other markets is not quite as severe but is still a factor confronting investors waiting for the latest news from trade talks between China and the U.S. and Brexit deliberations in the U.K.
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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.