Markets are quiet as the sun rises in Chicago, but don’t look for that calm to continue on what could be a very volatile day. USDA releases its first monthly production, supply and demand estimates for 2019 crops at 11 a.m. CST, while negotiators from the U.S. and China continue trade talks in Washington. The U.S. raised tariffs on another $200 billion in imports from China at midnight, with more threatened if a deal isn’t done.

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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.