Soothed nerves over trade war fears are frazzled again this morning as the U.S. and China ratcheted rhetoric about tariffs up a notch Thursday. While nothing actually happened – it will take a couple of months for U.S. sanctions to work through the system – the new tension caused some traders to flee markets of all stripes due to mounting political risk in the U.S. Soybeans and stock indexes suffered the biggest losses as fears of freeze damage to wheat on the southern Plains supported wheat.

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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.