Soybeans Selloff Sharply

Soybeans Selloff Sharply

China cancels deals for 22 million bushels of soybeans sending prices through January gap. (Audio)

The rebound rally in beans didn’t last long. After selling resumed on Thursday the market’s bearishness picked up steam on reports China had cancelled orders for 22 million bushels of soybeans. That pushed January futures through its June gap, taking corn and wheat lower too. Farm Futures Senior Editor Bryce Knorr offers up today's audio report.

DEAL'S OFF: China cancels deals for 22 million bushels of beans sending prices through January gap.

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.

Wisconsin Farm Report is carried by stations across the Badger State keeping local farmers informed about key issues and topics that impact their farms. The farm-focused radio coverage provides access to news and information throughout the day.

TAGS: USDA
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