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Soybeans, wheat pace gains

Weaker outside markets limit buying enthusiasm as crude oil knocked lower. (audio)

Grain futures are trading mostly a little higher headed into the final 90 minutes of Monday’s session. Soybeans got off to a strong start early in the day session, with buying triggered by heavy rains in parts of Argentina over the weekend. Export inspections for soybeans were also above the high end of trade guesses. Corn and wheat could benefit from index fund buying near the close, but weak wheat demand is limiting gains today.

Senior Editor Bryce Knorr offers his insight into  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 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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