Grain markets tried to keep the rally going overnight but faded gains after reports surfaced about the trade deal with China announced Friday. News China wants more negotiations before signing the pact tossed cold water on hopes for big purchases of U.S. farm products. USDA offices are closed for Columbus Day as traders search for clues about damage from last week’s early blast of winter.

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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.