Today is first notice day for May futures and an active start to deliveries in corn and wheat kept the grain market under wraps overnight despite another round of heavy rains moving through the Midwest with more storms on the way over the next two weeks. Ongoing trade talks with China provided a little support for soybeans overnight, even though China has yet to start taking delivery of the large purchases made when the negotiations got going again over the winter.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page. 

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.