Cool weather won't last

Cool weather won't last

Soybeans bounce back with help from weather, dollar and exports. (Audio)

Mild weather has been rare in parts of the Midwest this summer, but storm front is bringing at least a little relief. That won’t last, however, with forecasts turning hotter again next week, and outlook that’s providing at least some rationale for buying in the soybean market today. Strong exports also help, with a weaker dollar a boost as well.

Listen to today's audio commentary with the online player. (just scroll down).

Soybeans rally with weather concerns as hot weather set to return.

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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

TAGS: USDA
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