Soybeans Test Chart Resistance

Soybeans Test Chart Resistance

Farm futures trade higher on hopes for U.S. exports. (Audio)

Soybeans are flirting with double digit gains Wednesday morning, enjoying follow through buying from Tuesday's gains. November futures are testing their 100-day moving average, amid ideas that China is continuing to buy U.S. soybeans at an aggressive pace. Hopes for U.S. wheat sales got a boost from more news about export ban in Ukraine, which is set to take effect Nov. 15.

Futures trade higher on hopes for U.S. exports.

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.

You can also catch Bryce Knorr daily at www.DatelineDrought.com where he offers an afternoon video wrapup on the markets, often in partnership with Max Armstrong or Greg Soulje. The site is focused on moving into 2013 after the devastating 2012 Drought and includes links from the Farm Progress family of magazines on a wide range of drought and farm management topics.

TAGS: USDA Soybean
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