Strong buying from China help drive soybeans to double digit gains this morning. USDA reported export inspections that topped 60 million bushels last week, and put icing on the cake by announcing China bought another 10.66 million bushels for 2013 and 2014 crop delivery. China was also an active shipper of corn, despite rejection of several loads recently for an unapproved GMO variety.
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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.