Grain futures are cautiously higher this morning, trying to regain momentum after Tuesday’s disappointing finish. Only soybeans were able to hold onto gains yesterday, leaving winter wheat and corn to post bearish reversals lower. Financial markets remain on edge following President Trump’s threat to send “fire and fury” to North Korea, but grain traders are focused on the size of 2017 crops. USDA presents its first data based on surveys of farmers and their fields Thursday.

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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. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.