Beans Hold On To Big Gains

Beans Hold On To Big Gains

Corn and wheat follow long with more talk that drought could persist into winter. (Audio)

Demand for soybeans remains pretty good, helping convince traders that this week's break could have confirmed a harvest bottom. Futures are posted 30-cent gains mid-morning, with corn and wheat following along. Long-term forecasts today are also lending support, raising concerns that drought conditions could intensify over the winter.

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

Corn and wheat follow long with more talk that drought could persist into winter.

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 Soybean
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