Grain futures are mixed, but that’s at least something after corn, soybeans and wheat all posted losses earlier in the overnight session. Outside markets aren’t raging with optimism, but they are a little less fearful, as investors wait for the latest update from the Federal Reserve this afternoon. A mixed weather forecast is also supporting prices, with some areas that missed rain in the southern and western Corn Belt staying mostly dry for the next week, and maybe longer.

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

Overnight trade mixed after early losses for corn, soybeans. Traders watching the Fed.

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.