May Day markets hold firmMay Day markets hold firm

May Day is a holiday in many corners of the world, but not in the U.S., where markets face a heavy news flow. Corn traders continue to eye a big storm on radar screens with more storms forecast for the next two weeks helping prices move higher overnight. Soybeans are steady as trade talks in China continue, while wheat is higher, helped by a weaker dollar as investors wait for the latest decision on interest rates from the Federal Reserve today.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this 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.