Soybeans Slip Again Into Friday

Soybeans Slip Again Into Friday

Forecasts show cool weather for August with better chances for rain next week. (Audio)

Grain futures are mixed headed into the first trading session of August, after a July many growers would like to forget. Wheat prices are higher, getting a lift from better export prospects, but soybeans are again seeing selling on forecasts for rain next week. Updated 30-day forecasts out yesterday keep below normal temperatures around, but with normal precipitation.

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

Forecasts show cool weather for August with better chances for rain next week.

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 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.

Got Palmer Amaranth? If so we have a new free report that helps you tackle this nearly impossible-to-control weed that will pull down your profits. Learn more from Palmer Amaranth: Understanding the Profit Siphon in your Field.

TAGS: USDA Soybean
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.