Soybeans Try For a Turnaround

Soybeans Try For a Turnaround

Heavy rains across northern Midwest could slow harvest progress into the weekend. (Audio)

Grain futures looked poised for more selling overnight, but are trying to firm, led by soybeans, which reversed higher at the start of trading in Europe. Heavy rains in the northern Corn Belt could slow harvest progress later this week, though fewer fields are ripe in that part of the Midwest. Stocks appear ready to open lower on Wall Street this morning, as the government shutdown enters a second day with no resolution in sight.

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

BEAN BOUNCE? Soybeans lead weak attempt at rally, all eyes on the Government and Wall Street.

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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