Soybeans Try To Lead Turnaround Wednesday

Soybeans Try To Lead Turnaround Wednesday

Good demand news supports soy complex; corn and wheat, no so much. (audio)

After moving to new lows overnight grain futures tried to turn higher, paced by light buying in soybeans on the heels of more signs of end user demand. USDA announced more sales of soybean meal and oil Tuesday, after a string of deals for old and new crop soybeans in the past week. Weather is also turning drier in the western Midwest, though cool temperatures should limit stress.

Listen to the report using the audio link on this page.

Good demand news supports soy complex; corn and wheat, no so much.

Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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TAGS: USDA Soybean
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