Mixed Trade Keeps Market Quiet After Selloff

Mixed Trade Keeps Market Quiet After Selloff

Soybeans continue to ride a roller coaster of reversals, turning higher overnight. (Audio)

The trend in the soybeans market is beginning to sound a lot like Midwest weather: If you don’t like it, just wait 10 minutes. July futures are trading reversals higher and lower on almost a daily basis, failing yesterday above $15, but bouncing back in the overnight trade. Corn and wheat are mixed, with a bit more favorable weather forecasts keeping prices on the defensive.

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

Soybeans continue to ride a roller coaster of reversals, turning higher overnight

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
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