Beans Break Below Chart Support

Beans Break Below Chart Support

Selling in November futures accelerates after pit opens. (Audio)

Soybeans are trading sharply lower this morning, with a break below chart support triggering additional losses after the start of pit trading in Chicago. Wheat is bucking the trend and moving higher, helping corn minimize losses.

Listen to the report using the audio link on this page.

Selling in November futures accelerates after pit opens.

Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

TAGS: USDA
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