Markets appear to be planning a waiting game this morning. While grain traders anticipate renewed trade talks between the U.S. and China next week and USDA’s big acreage reports, investors are waiting for the Federal Reserve to release its latest statement on monetary policy this afternoon as the central bank comes under more pressure to cut interest rates. Energy traders are also chomping at the bit ahead of inventory data this morning that will also show how ethanol production fared last week.

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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.