Grain futures tried to firm up overnight following Thursday’s setback but lost their momentum as trading got underway in Europe. Volatility in many markets this week may lead to a cautious mood today into the weekend, as most of the buying and selling recently appeared to be driven by emotions, not fundamentals of supply and demand. A tepid export sales report out yesterday underscored the challenging facing the U.S. on world markets.

You can listen to Bryce's comments using the audio player below.

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.