China made more news today, but not in a good way for the markets. Weak growth remains a big issue in the world’s largest economy, with fresh data reinforcing fears of a global slowdown. Britain’s troubles with Brexit also are an anchor that sent stock prices reeling in Asia and Europe, pressuring U.S. index futures lower ahead of the open on Wall Street. The selling spilled over to the grain trade after yesterday’s “buy the rumor, selling the fact” reaction to Chinese first purchase of U.S. soybeans in months.

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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.