The lull in trade talks between the U.S. and China added pressure to soybean futures this week, breaking prices to a test of fall lows. News negotiators will meet next week and the following week for more discussions in Beijing and Washington helped firm futures overnight. A stronger dollar at the top of its recent range could be bearish for some commodities including wheat, after some stock indexes closed at all-time records Tuesday.
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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.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.