The war of words between China and the U.S. continued over the weekend, with both sides digging in for what looks like a extension of tit-for-tat new tariffs. Markets sold off overnight as a result. Stocks in China and the U.S. slipped, while soybean futures plummeted to new contract lows. A brief dry spell in the Midwest doesn’t look like it will last long, with wet conditions perhaps lasting through the first week of June.

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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.