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China trade hopes buoy prices

Futures try to continue rebound. (video)

Grain markets moved higher across the board overnight. Follow-through buying helped corn and wheat advance while soybeans benefited from a more optimistic tone to trade talks between the U.S. and China that could spur buying of U.S. agricultural products. Rains moving through the upper Mississippi River Valley this morning are part of a shift wetter that could bring excessive precipitation to Iowa over the next week.

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.comhe 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.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures'free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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