Soybeans keep waving rally flagSoybeans keep waving rally flag

Grain futures are mixed this morning. Soybeans are trying to hold on to modest overnight gains, but buying in corn and wheat ran out of steam when wheat prices in Paris continued to sell off despite ideas the French crop will be much smaller than expected. Outside markets await the latest data on crude oil production, with the Federal Reserve weighing in on monetary policy this afternoon when it’s two-day meeting ends.

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

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.