Soybeans lead futures lower Friday

Soybeans lead futures lower Friday

Forecasts for a big Brazilian crop dent enthusiasm from strong export sales. (audio)

January has been a bad month for the grain market and things aren’t getting any better on the last day of trading. Attempts to firm prices overnight fell flat as morning trade got underway. Forecasts for a big crop in Brazil, helped out by rain in dry areas this week, derailed soybeans, while concerns about demand hit wheat.

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

Forecasts for a big Brazilian crop dent enthusiasm from strong export sales

Bryce Knorr, Senior Market Analyst, 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: USDA
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