Soybeans made new lows overnight as grain markets reopened after the Memorial Day holiday. Corn and wheat are also lower. Traders are waiting for the first crop ratings for corn out this afternoon. Despite all the troubles farmers faced this spring, conditions could come in at average levels. Outside markets aren’t providing any support, with a weak dollar emblematic of a risk-averse attitude.

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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.