No Black Friday Rush Expected In Grain Futures

No Black Friday Rush Expected In Grain Futures

Soybeans could see follow-through weakness while more interest focuses on wheat. (Audio)

Prices could open mixed this morning, with futures trading an abbreviated session that begins with the pit at 8:30 a.m. and closes at noon. While soybeans brace for follow-through weakness on the heels of Wednesday’s bearish reversal, hard red winter wheat could start firm on forecasts for a blast of Arctic air that could raise the first winterkill fears of the season.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

SHORT SESSION: Holiday trading won't last long today, which could bring follow-through weakness for soybeans.

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 Soybean
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