Truck strike in Brazil raises concerns and prices

Truck strike in Brazil raises concerns and prices

Soybeans rally back after Monday's firm close, global news. (Audio)

The soybean market recently has been like the weather: if you don’t like it, just wait a while. Prices are higher today on concerns a trucking strike in Brazil could delay harvest, shifting demand back to the U.S. The latest dispute could endanger not only movement of soybeans, but shipments of fuel needed to harvest the country’s huge crop. Corn and wheat are also higher, with traders watching details of the latest export deals.

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

Soybean market moves on Brazil news, and corn and wheat rise too.

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 Soybean
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