July Soybeans Don't Wait For USDA

July Soybeans Don't Wait For USDA

Nearby soybean futures test nine-month highs ahead of USDA's latest supply and demand report. (Audio)

July soybean futures are noted for volatility and this year’s edition of the contract is no exception. The nearby rallied close to its recent nine-month highs overnight, benefiting from bull spreaders buying on tight old crop supplies ahead of delivery. Other markets were steady to weaker, waiting for this morning’s USDA report.

Farm Futures Senior Editor Bryce Knorr offers an early look at overnight trade. You can listen to his commentary  by clicking on the audio link on this page.

ALL THE ATTENTION: That July soybean contract is a hot one, especially as tight supplies bring on the bulls.

And be sure to check http://www.FarmFutures.com after 11 when we start posting information from the USDA report. We'll provide updates as we parse through the information. And you'll get more analysis in the afternoon edition of Farm Futures Daily - our twice-daily e-newsletter. If you want to see it, sign up here.

Senior Editor 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.

Give us a moment of your time - Take the Farm Futures Survey - and help us report planted acres ahead of USDA's June 28 estimate. A few minutes with us can help us tell the real story.

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