Grain futures are little changed after a choppy overnight session, as might be expected ahead of a big USDA report. The government puts out its first monthly estimates of new crop supply and demand at 11 a.m. CDT. Other Washington news appears to be casting a cloud of uncertainty on financial markets, after President Trump’s controversial firing of FBI Director James Comey.

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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.