Soybeans Hold On To Gains

Soybeans Hold On To Gains

Rains in southern Brazil due later this week.

Grain futures are mostly higher this morning, with little fresh news after Tuesday’s big jump higher by soybeans. Forecasts still show rains winding down in Argentina and moving into Brazil, as traders weigh how much damage was inflicted on corn and soybean crops – and what it means for prices.

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

BEAN POWER: Traders watch South America weather for signs of crop conditions and yield.

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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