Soybeans Outpace Wheat and Corn Overnight

Soybeans Outpace Wheat and Corn Overnight

Tight stocks continue to ratchet soybean futures to new highs (audio)

Another day, another new high in soybeans. May futures moved closer to the $15 level overnight, though the market has pulled back off its session highs. Corn failed to keep pace so far on profit taking, while steady selling pressured a wheat market that's already back on its heels. News is slow at mid-week, after the surge higher from Monday's USDA reports.

Listen to the report using the audio link on this page.

Tight stocks continue to ratchet soybean futures to new highs

Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.


How will the March 31 USDA reports impact your bottom line? Farm Futures Senior Market Analyst Bryce Knorr and Farm Futures Senior Editor Bob Burgdorfer will discuss the reports and the spring weather outlook in a free webinar April 7 at 7 p.m. CDT. Learn more about the Farm Futures webinar.

If you missed the webinar, check out Bryce Knorr's Morning Market Review updated every day by 7:30 a.m. CDT.


TAGS: USDA
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish