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Beans target summer highsBeans target summer highs

Argentine weather drives futures. (Video report)

February 26, 2018

1 Min Read

Dry weather in Argentina remains the focus for grain traders as a new week gets underway. Storms fell apart in the country’s key central growing region over the weekend, and the forecast for the next two weeks remains dry helping soybean futures take aim at July highs. The rally in beans is boosting corn and wheat, which continued its rebound on forecasts for mostly dry weather over the southwest Plains. Outside markets also appear to be on a roll with stocks extending gains around the world today.

Watch the latest Facebook video posting from Bryce Knorr, and be sure to like or follow the Farm Futures Facebook 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 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.

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