While outside markets are turning softer, grain futures are holding modest gains as the overnight session begins to wind down. While traders don’t anticipate bullish numbers on acreage or stocks from USDA on Thursday, weather is becoming more of an issue, especially for wheat. Ratings from key states on the Plains didn’t show much impact from the recent round of volatile weather, which featured everything from snow and freezes to hot winds and wild fires.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

Grain futures hold modest gains. (Solarseven/Thinkstock)

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.