Soybeans Stay Firm in Thin Trade

Soybeans Stay Firm in Thin Trade

Wheat fades again despite little moisture for Plains. (Audio)

After a flurry of activity in the wake of last Friday’s USDA reports, trading volume reverted to its sluggish winter pattern, despite the onset of spring on the calendar. In fact, most markets are very quiet, waiting for news out of Washington on jobs growth in March. Soybeans are moving higher as the overnight trade begins to wind down, but wheat is adding to losses, even though concerns about the crop on the Plains persist.

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

SLOW TRADE: Soybeans hang on in quiet market.

Where will prices end up for season 2014? Get a jump on risk management planning with our special Farm Progress Marketing Webinar set for April 7, 2014. You'll hear from Bryce Knorr, Farm Futures senior market analyst, and Bob Burgdorfor, the new senior editor of Farm Futures - and its FREE. If you missed the webinar, check out Bryce's Morning Market Review every day after 7:30 a.m. Central Time.

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.

You can add bushels to your soybean yield with our new free report Boost Your Soybean Yield.

TAGS: USDA
Hide comments

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.
Publish