After a surprising rally on Monday, grain futures are again back to trading in a fairly calm fashion as the overnight session begins to wind down. U.S. stocks and crude oil are giving back some of yesterday’s gains, with crop prices mixed in narrow ranges. This afternoon’s Crop Progress report should show farmers got a lot of corn and soybeans cut last week, with the big numbers out Wednesday with release of the latest production, supply and demand estimates from USDA.

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

Grain futures are again back to trading in a fairly calm fashion as the overnight session begins to wind down. (Photo: maciek905/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.