Market Holds On To Gains

Market Holds On To Gains

Corn and soybeans higher on demand, acreage hopes. (Audio)

Grain futures are trading mostly higher this morning, with follow-through buying noted on the heels of Friday’s rally. Farm Service Agency data on farm program certifications appears to support ideas corn and soybean acreage could be lower when USDA updates its production forecast Jan. 12, while export hopes got a shot in the farm from talk China may be closer to ending its ban on U.S. corn and DDGS.

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

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


Corn and soybeans higher on demand, acreage hopes

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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.

TAGS: Soybean
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