President Trump aimed a new tariff salvo Thursday, sending traders scurrying again for cover in most markets overnight. While grain futures posted modest losses, stocks and crude oil are down sharply on the new tariffs on imports from Mexico aimed at curbing illegal immigration. The move comes as farmers in parts of the Midwest face final planting deadlines today for full crop insurance coverage, just in time for forecasts hinting at drier weather in June.

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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.