Soybeans, Wall Street Sell Off

Soybeans, Wall Street Sell Off

Rain in Argentina and slowing exports trigger chart breakdown (audio)

Soybeans face double-digit declines this morning, after falling to two-week lows overnight and breaking through chart support that's held since harvest. More rain in Argentina and ideas that export business is slowing weighed on futures. More selling is swamping the stock market as well, as investors start 2014 with a correction.

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

Rain in Argentina and slowing exports trigger chart breakdown

Bryce Knorr, Senior Editor, 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.

TAGS: USDA
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