Soybeans Attempt Another Recovery

Soybeans Attempt Another Recovery

Old crop soybean rally has more lives than a cat. (Audio)

After breaking hard again Tuesday, soybean futures are trying to prove that the rally isn’t over, led by July futures on ideas of continuing tight old crop stocks. November lags behind, with fears mounting that farmers could plant a lot more acres than originally planned. While growers made good progress in the soggy northern Plains last week, more rains this week could stall planting of corn and wheat there.

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

Old crop soybean rally has more lives than a cat

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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