Sponsored By
Farm Progress

Profit taking dents soybean rallyProfit taking dents soybean rally

Traders wait for news about harvest, South American weather and Chinese demand. (Video report)

October 16, 2017

1 Min Read

Soybeans are lower this morning, trimming gains from last week’s big rally. Beans may take a breather while traders wait for more harvest results in what looks like a drier week for farmers to get back into the field. Key growing regions of Brazil also could be dry this week, though planting progress there isn’t that far behind normal. On the demand side of the balance sheet news out of China could be important as the Communist Party Congress, held every five years, gets underway.

Check out Bryce's comments in a special Facebook live post below. Note this is from our Facebook page at facebook.com/farmfutures.


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.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like