Soybeans Lead Quiet Markets Higher

Soybeans Lead Quiet Markets Higher

Weather forecasts dry out for the holiday, with no major threats seen. (Audio)

Soybeans are trading back above $14, at least in the thinly traded July contract, as futures continue to lick wounds from this week’s big break. Dry weather over the first part of the holiday will help fields dry before rains return to the Corn Belt, with many fields seeing an additional inch. That outlook is not enough to move corn off the dime so far, though wheat is trying to firm.

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

Weather forecasts dry out for the holiday, with no major threats seen

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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TAGS: USDA
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