Grain futures are lower this morning across the board after attempts to firm overnight eroded into slow but fairly steady selling. Storms bringing beneficial rains to Iowa are moving across the Mississippi River but could begin to peter out as they move east, keeping parts of the eastern Midwest dry. The precipitation in Iowa could help improve conditions there after the latest Vegetation Health Index maps showed deterioration last week. Lower prices are encouraging some export business, but the U.S. faces plenty of competition on world markets.

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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. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.