The Buzz: What Will Drive Soybeans?

The Buzz: What Will Drive Soybeans?

Charts look bullish but the market may need fresh news to feed the bull.

There are a couple of old sayings in the market. "Buy the rumor, sell the fact" is one. "A bull needs to be fed" is another. Both adages came to mind Thursday overnight, when soybean futures sold off despite news of big purchases by the Chinese trade delegation and 100 degree temperatures in parts of Argentina. Market Analyst Arlan Suderman and Senior Editor Bryce Knorr discuss what could help soybeans live up to prices charts that are looking very bullish.

 

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.

Arlan Suderman is Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. since May 2000, providing market analysis and commentary for its family of 18 state and regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.

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