Traders don’t expect this morning’s reports from USDA to offer much in the way of surprises, but the history of the releases shows some big price moves after the data comes out. That kept markets quiet overnight. End of the month and quarter position squaring could also be seen, with corn and soybeans confronting seasonal trends for harvest lows. Outside markets are quiet, with investors noting holiday’s will close exchanges in China all next week.

Senior Editor Bryce Knorr offers his insight into overnight trade.

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.