Traders Fall In Love With Soybeans Again

Traders Fall In Love With Soybeans Again

Hopes for tight carryout push futures higher overnight (audio)

Grain futures are extending gains in the overnight session, fueled by more buying in soybeans on the heels of Friday's friend USDA reports. Traders believe strong export demand could keep supplies tight into 2014, and they're also keeping a close eye on early growing season weather in South America.

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

Hopes for tight carryout push futures higher overnight (audio)

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
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish