Soybeans Spark Overnight Rally

Soybeans Spark Overnight Rally

Weather helps grain futures post chart breakouts on Friday. (Audio)

Soybeans are posting strong gains on follow through buying early Monday morning, amid mounting concerns about weather delays for planting. Both November soybeans and December corn posted chart breakouts last week, moving above downtrends in place since last fall. The moves are supporting old crop prices, but farmers with inventory left must take care not to get caught in a volatile basis environment.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

NOT SO PICTURE PERFECT: Weather worries about later soybean planting has the market concerned.

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.

And check out www.DatelineDrought.com, which is focused on moving into 2013 after the devastating 2012 Drought and includes links from the Farm Progress family of magazines on a wide range of drought and farm management topics.

And we're offering a new free report - Stuck in the Mud? Extract Your Farm Equipment - with tips and tricks for getting out of trouble while preserving your capital investment.

TAGS: USDA Soybean
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