Soybeans lift grain market higher

Soybeans lift grain market higher

Friday's strong close spills over into Monday trade. (Audio)

Soybeans finished the week with a strong close on price charts, helping trigger a gap higher open at the start of trading Sunday night. Grain futures are higher across the board, with the strength in soy helping corn and wheat to gains as traders brace for Wednesday’s USDA crop reports.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo. You can listen to his commentary by clicking on the audio link on this page.

Soybean gains help boost corn, wheat as traders get ready for Wednesday's USDA report.

Senior Editor 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.

Last week Bryce Knorr offered a first look at 2015 corn and soybean production ahead of the Aug. 12 USDA report, check out a playback of this informative webinar.

TAGS: USDA
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