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Futures firm as rain returnsFutures firm as rain returns

Storms slow U.S. harvest but boost soybean prospects in Brazil. (audio)

October 23, 2017

1 Min Read

While rains slow harvest in the central and eastern Corn Belt after a week of open weather, storms are welcome in Brazil, where they provide moisture for farmers waiting to plant soybeans in Brazil’s big center-west growing region. Futures traded flat overnight as a result, waiting for more news about yields and demand. Outside markets are firm following last week’s records on Wall Street. Prospects for tax cuts and a hawkish Federal Reserve chief lend support to the dollar this week.



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 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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