August Soybeans Don't Go Quietly

August Soybeans Don't Go Quietly

Tight old crop supplies provide a few fireworks before Tuesday's USDA reports. (Audio)

While most traders focus on Tuesday’s estimate of new crop corn and soybean production from USDA, the last days of the August bean futures are a reminder of just how tight 2013 inventories are ahead of harvest. August goes off the board Thursday, but is within shouting distance of $13. Wheat isn’t joining the fun, seeing more selling overnight despite mounting evidence quality wheat supplies could be down.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Tight old crop supplies provide a few fireworks before Tuesday’s USDA reports.

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.

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TAGS: USDA
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