Steady Buying Lifts Soybeans Overnight

Steady Buying Lifts Soybeans Overnight

Futures try to keep October rallies intact as farmer selling picks up. (Audio)

The big rally in soybeans seemed to run out of gas on Tuesday, when a surge higher was met with profit taking and farmer selling. Beans benefited from steady buying overnight, lifting prices off lows and dragging corn and wheat higher too. News in the market remains light so far today, with farmers continuing to make better progress harvested 2014 corn and soybeans.

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

Futures try to keep October rallies intact as farmer selling picks up

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.


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TAGS: USDA
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