Grain futures are drifting mostly lower across the board this morning, after a weak close on Tuesday’s took the steam out of a good rally. Farmer hedging likely played into the softer tone, despite a more optimistic mood on global markets. Investors are buying stocks, the dollar and even a little crude oil, betting that the European Central Bank will keep on pumping money when it meets Thursday.

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Overnight trade is soft after Tuesday's weak close, but traders are investing elsewhere.

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.