Soybeans press higher in mixed market

Soybeans press higher in mixed market

Stronger dollar pressures crude below $40 but doesn't hold back wheat. (Audio)

Grain futures are mixed this morning. Corn reversed lower after briefly taking out Friday’s high overnight, but soybeans are starting to strengthen, extending last week’s rally. Wheat is also higher, despite a stronger dollar that pressured gold and crude oil lower.

You can listen to Bryce's comments using the audio player below.

Soybeans are strengthening in overnight trade, while corn made a stab, but then slid. Wheat is also higher.

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.

Thriving during the Economic Downturn won't be easy but Mike Boehlje, Purdue University ag economist, and Farm Futures Summit speaker shares his thoughts in a new webinar. Watch the playback of Managing Your Farm Business in an Economic Downturn.

TAGS: USDA
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