Farm Progress

Exports, investors drive soybeans higher

Markets mixed as Wall Street eyes Fed. (Video report)

September 18, 2017

1 Min Read

Soybeans have seen export demand pick up recently, one factor moving prices higher this morning. Beans also appear to be benefiting from moves in outside markets, showing strong correlations with the dollar, stocks and crude oil. The flow of fund money into the soybean complex continued last week, ahead of this week’s meeting at the Federal Reserve. No change is expected on interest rates, one factor driving stock markets to new records around the world. Farmers are also eyeing late season weather, which could be impacting yields.

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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. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.

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