Soybeans extend gains

Soybeans extend gains

Bitter cold could damage Plains wheat (Video report)

Soybeans are higher this morning, benefiting from forecasts for warmer and drier weather in Argentina. Hard red winter fields on the Plains are seeing far different conditions, as below zero cold is noted well into Kansas. With little snowfall to protect many areas, winter kill could be an issue as the market tries to hang on to its uptrend.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook 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.

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