Trade talks broke off earlier than expected today in China, signaling no end to the standoff. China’s foreign minister said the blame lies with the U.S. after President Trump criticized China yesterday. While grain futures drifted lower, stocks appear headed for a higher opening on Wall Street today as the Federal Reserve prepares to cut interest rates for the first time in a decade.

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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.