Selling in grain futures was seen again overnight, with soybeans leading the market lower. Corn is suffering only modest losses, supported by hopes for exports to Brazil and a very wet forecast for the next two weeks that could slow planting into the second week of May. Outside markets appear cautious, with Wall Street on Fed watch for this week’s meeting on monetary policy the central bank.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Futures slide with soybeans taking the lead. Wetter weather, outside market pressures get the blame.

Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.