Corn, Soybeans Tighten Belt After Holiday

Corn, Soybeans Tighten Belt After Holiday

Soybeans try to hold chart support and $10 benchmark. (Audio)

Corn, soybeans and Chicago wheat are under pressure this morning as the market starts a new month. Soybeans saw light follow-through selling early in the overnight session after Friday’s sharp break, but held support at the trendline off November lows. Weather looks mostly favorable in South America, which could sink soybeans longer term, while corn and wheat wait for news on supply and demand around the world.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

Soybeans try to hold chart support and $10 benchmark.

Take on 2015 with the right set of financial and management tools, make plans now to attend the 2015 Farm Futures Business Summit, Jan. 7 & 8, 2015. Learn more at the event web page where you can register and make your hotel reservation. EARLY BIRD RATE TO END DEC. 1.

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 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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