Soybeans Sink To Start Week

Soybeans Sink To Start Week

Futures test big gap on November chart from Fourth of July. (Audio)

Friday’s down draft in soybeans inspired more selling to start the week, as November futures worked into a big gap from Independence Day after breaking below $15. While bears focus on negative crush margins in China and the bigger U.S. crop, China could be eyeing this as another buying opportunity. Farm Futures Senior Bryce Knorr discusses the market moves with Mick Kjar, Farm Director & Meteorologist, Valley News Live TV, Fargo-Grand Forks, N.D.

SOY SLUMP: Futures test big gap on November chart from Fourth of July.

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.

TAGS: USDA
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