Soybeans Rebound Overnight

Soybeans Rebound Overnight

Corn, wheat still under pressure from mounting overseas competition. (Audio)

The dust is settling after USDA’s bearish reports on Thursday, with mixed trade in the overnight session. While futures held yesterday’s contract lows across the board, only soybeans were able to mount a short covering rally. Low temperatures this morning are already sliding to freezing at a few stations in the northwest Corn Belt, but the cold snap is not expected to do any significant damage.

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

Soybeans risce but corn, wheat still under pressure from mounting overseas competition

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 Soybean
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