Soybeans Try For Another Rally

Soybeans Try For Another Rally

Grain market is mixed in quiet overnight trade. (Audio)

November soybeans fell just shy of $10 on Monday’s rally before the air leaked out of the balloon, but buyers are back in the market today, giving futures a little lift. Corn and wheat faded rally attempts, with both markets failing to find much supportive demand news as traders mull acreage and weather data.

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

Grain market is mixed in quiet overnight trade

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 Soybean
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