Dry Forecast Boosts Soybeans

Dry Forecast Boosts Soybeans

Demand news will also be in play today as end users begin buying. (Audio)

Grain futures are moving higher again this morning as the overnight session winds down, with soybeans leading the charge. Forecasts for dry and at times warm weather for the second half of August raise concerns about soybeans during the crops crucial reproductive period. End users are also starting to become more active, buying corn, soybeans and wheat this week for export this week.

Farm Futures Senior Editor Bryce Knorr talks markets with Kelsey Ostby at the Wisconsin Farm Report, who is filling in for Pam Jahnke. Listen to their conversation using the audio player on this page.

WARM WEATHER CONCERN: A forecast for more dry weather and higher temps have traders pushing up soybeans.

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.

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TAGS: USDA
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