Grain futures posted modest gains overnight, rebounding from new lows set Tuesday in the wake of USDA’s monthly supply and demand reports. Ethanol was a bright spot in yesterday’s reports after record production last week. But plant margins plunged last week, so today’s weekly energy update should show if output stayed strong despite lower ethanol prices. The Federal Reserve wraps up a two-day meeting and is widely expected to raise interest rates another ¼ of 1%.

Watch the latest Facebook Live posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook 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.