Stock Selloff Fades Crop Rebound

Stock Selloff Fades Crop Rebound

Huge week of export inspections for soybeans can't stem profit taking from today's rally. (Audio)

Weekly export inspections for soybeans were even better than expected this morning at 45.6 million bushels, but the big total wasn't enough to reignite the rally in soybeans. While prices were higher, the market was well off its highs on profit taking and nervousness spilling over from outside markets.

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

Huge week of export inspections for soybeans can't stem profit taking from today's rally.

Bryce Knorr, Senior Editor, 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 FarmFutures.com, 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.

TAGS: USDA
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