Grain prices are mixed this morning in quiet overnight trade. Wheat is rebounding from Friday’s bearish reversals, supported by news Russian may again restrict exports due to food inflation caused by its battered currency, which has lost more than 50% of its value thanks in part to weak crude oil prices. Corn is steady, as traders eye potential impact from a heat wave in Argentina, where temperatures topped 100 degreess over the weekend.

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

Overnight trade mixed but wheat gets a boost from Russia news.

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.