Overnight gains didn't last long once trading got underway in Chicago this morning, with losses accelerating once January soybeans slipped below the $14 benchmark. Renewed selling came from chart traders, because soybeans are still flying off the shelves here in the U.S., with another big week of export inspections reported.
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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.