Soybeans Rally to New Highs

Soybeans Rally to New Highs

Strong demand and South American weather boost prices. (Audio)

Dry areas of southern Brazil picked up some rain over the weekend, but uncertainty over South American supplies kept buyers in the soybean market overnight. March futures took out 2013 highs and took aim at the contract high from 2012 just below $14. Corn and wheat didn’t join in the gains, however, pulling back in line with Friday’s weaker trade.

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.

DEMAND RULES: Soybeans rise on South American worres, but corn, wheat don't follow along.

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.

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TAGS: USDA
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