Farm Progress

Mixed markets wait for signals

Can soybeans make it back to $10? (Video report)

November 8, 2017

1 Min Read

Grain futures are little changed this morning, and for a fairly good reason: Traders continue to get into position for Thursday’s updated estimates on production, supply and demand from USDA. Big changes aren’t likely, though the government’s projection of corn yields could go up a bushel per area. Some in the trade are banking on a cut in the soybean yield, which as January futures percolating below the $10 benchmark.

Watch the latest Facebook Live 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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