It’s a kitchen sink kind of day in the grain trade, with a lot of bearish news being thrown at the market. Stocks are headed lower today around the world following Friday’s selloff on Wall Street, with Dow futures already down another 200 points today. Corn traders woke up to news Sunday that China was moving to potentially block imports of sorghum from the U.S. in the latest sign of rising tensions between the two countries. Forecasts for cooler and wetter weather in Argentina and better chances for moisture on the southern Plains also kept futures under pressure.

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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.