Soybean Futures Turn Higher Overnight

Soybean Futures Turn Higher Overnight

More bull spreading lifts soybean prices higher, with near-term supplies very tight amid closures on the river system. (Audio)

Old crop soybean futures are posting gains again this morning, with May extending its premium to deferreds on bull spreading. Basis continues to firm as end users scramble to find beans in a system that's in chaos due to closures caused by flooding on the river system.

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

More bull spreading lifts soybean prices higher, with near-term supplies very tight amid closures on the river system.

Bryce Knorr, Senior Editor, 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.

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