Futures turn around after heavy deliveries

Futures turn around after heavy deliveries

Dollar weakens again overnight giving a lift to commodities. (Audio)

Soybean futures came under pressure Thursday night after heavier than expected deliveries against May futures on first notice day, with a lot of wheat put out in Ohio and Kansas too. But buying came back into the market around 5 a.m. CDT helping corn and wheat to modest gains and trimming losses in soybeans. After another wet weekend warmer and drier weather is in store for growers next week.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Corn, wheat rise in overnight trade; soybeans try to recover losses after heavy deliveries against May futures.

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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