Soybeans Still Look Firm

Soybeans Still Look Firm

Trade cautious, though few changes expected today from USDA. (Audio)

Futures are mixed overnight, ahead of a regular monthly supply and demand report due out at 11 a.m. that’s expected so show only small reductions in carryout. Soybeans are holding the positive tone from last week, thanks to strong demand, but corn and wheat are weaker.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

AWAITING REPORT: Strong demand keeps soybeans prices firm, but corn and wheat weaken.

Senior Editor 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.

Want to tune up your financial knowledge? We've rescheduled the Farm Futures Ag Finance Bootcamp to Feb. 20 and you can still attend. Just visit the Bootcamp Page to Register.

TAGS: USDA
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