A hot and in many places dry weekend didn’t do much for grain prices overnight. The market is lower across the board based on forecasts for abundant rains over much of the Midwest over the next week. While last week’s conditions stressed crops, no more hot weather is in the outlook after the current heat fades. Wall Street looks ready for lower trade today after a selloff in technology stocks Friday, as investors bet the Fed will raise interest rates Wednesday.

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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.