Soybeans continued their rally overnight, getting a lift from a more optimistic tone as negotiators sit down for two days of trade talks in Washington. Reports China may be willing to make a small deal now that includes buying farm products helped soybeans add to gains from Tuesday’s weather rally. A hard freeze is expected Friday morning as far south as the Texas Panhandle with potential for damage in Iowa and Minnesota Saturday morning.
Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
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 contacted 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.