Most world markets are in retreat this morning as investors bank profits and move to the sidelines ahead of next week’s Federal Reserve meeting and the UK vote June 23 on staying in the EU. Ag markets are trying to be the exception to the bearish mood, with soybeans leading that effort overnight. Today’s USDA report at 11 a.m. CDT could show stronger demand for corn and soybeans due to smaller crops in South America, just as temperatures soar in the Midwest.

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

Global traders are hunkering down, but in commodities soybeans try to buck the trend.

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.