Soybean Charge Leads Market Higher

Soybean Charge Leads Market Higher

Futures resume rebound with corn and wheat higher on weather. (Audio)

Soybean futures are trying to prove last week’s early selloff was a buying opportunity, posting strong gains in the overnight trade and moving back above $15. Wet weather will slow corn planters in the Midwest this week, but dry conditions on the Plains continue to threaten the hard red winter wheat crop, also providing support for bulls.

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.

OVERNIGHT GAINS: Soybeans post strong gains while wet weather gives more fuel for market bulls.

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.

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