It's All About Weather

It's All About Weather

Threatening forecasts help soybeans lead market higher overnight. (Audio)

Forecasts for hot, dry conditions this week, and perhaps into the end of August, sparked a good rally across the board in the grain futures market overnight. Soybeans are again leading the way, with November futures flirting with its Revenue Protection base price for the first time in four weeks.

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

PARCHED FIELDS? Return of hot weather sparks overnight rally.

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. Click the link, download the report and start thinking about 2014.

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