Soybeans Post More Double Digit Gains

Soybeans Post More Double Digit Gains

Demand news, dry forecasts send bears to the sidelines. (audio)

USDA announced big sales of soybeans and soy products on a regular basis over the past week, and that news finally is helping turn prices around. Futures are posting more gains in the overnight session, with dry forecasts for the western Midwest also beginning to come into play. Lack of heat will reduce the threat to growing crops for now, but that too is stirring talk about lack of growing degree days.

Farm Futures Senior Editor Bryce Knorr talks with Jesse Harding, Wisconsin Farm Report.

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

Demand news, dry forecasts send bears to the sidelines

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.

TAGS: USDA
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