Soybeans Fuel Buying After Long Weekend

Soybeans Fuel Buying After Long Weekend

Futures advance across the board on South American weather. (Audio)

After posting a series of reversals higher and lower last week, soybeans started the holiday-shortened week with gains overnight. Heavy rains in Argentina and dry conditions in southern Brazil raised concerns the crop there may not be quite as big as early estimates. The rally is lifting wheat and corn higher too.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

POST HOLIDAY RISE: South American worries push up soybean prices in overnight trade.

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.

Want to tune up your financial knowledge? We've rescheduled the Farm Futures Ag Finance Bootcamp to Feb. 20 and you can still attend. Just visit the Bootcamp Page to Register.

TAGS: USDA
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