Grain futures are drifting lower this morning, with a little follow-through selling developing after attempts to firm failed overnight. A firm dollar strengthening on ideas the Federal Reserve will tighten credit is dampening interest in commodities as traders wait for petroleum data this morning and USDA’s Sept. 1 stocks report on Friday. Rains in the key center-west growing region of Brazil are also a bearish factor.

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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.