November Options In Spotlight Today

November Options In Spotlight Today

Expiration in soybeans and weekend hedging could keep grain futures churning today. (Audio)

Futures markets traded both sides of even across the board overnight in a very quiet session, and that lack of momentum could carry forward into today’s session as well. November soybean options stop trading today, with futures trying to hold gains above $13. Both corn and soybeans could be vulnerable to late hedging, as elevators anticipate how much they’ll take in during what looks like a clear weekend for harvest before big storms next week.

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

HOLDING GAINS: Market tries to hang onto $13 as November soybean options expire.

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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