Commodity rally lifts grain market too

Commodity rally lifts grain market too

Weak dollar, technical buy send soybeans sharply higher. (audio)

Futures are enjoying a good rally today, trading sharply higher across the board at mid-morning. Bargain hunting was evident as prices hit support this week, given a boost by the inclination of money managers to buy other risky assets, including crude oil. Safe havens like the dollar are lower, also making commodities more attractive.

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

Weak dollar, technical buy send soybeans sharply higher.

Bryce Knorr, Senior Market Analyst, 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.

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