Futures drift lower ahead of options expiration

Futures drift lower ahead of options expiration

Soybeans unable to develop any follow-through buying after yesterday's gains (audio)

May options have their final day of trading today, and event that could keep futures choppy. Soybeans were unable to develop any follow-through buying after yesterday's gains, while concerns about bird flu cutting feed demand weigh on corn. Wheat faces a mixed moisture outlook but is also lower.

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

Soybeans unable to develop any follow-through buying after yesterday's gains

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.

TAGS: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish