Farm Progress

Profit taking trims soybeans’ sails

Global markets rally keeping wheat and corn firm. (Video report)

November 3, 2017

1 Min Read

Grain markets are fairly quiet this morning as trading wraps up for the week. Soybeans gave back some of their gains on profit taking while wheat and corn try to hold on to gains from short-covering Thursday. Outside markets continue in a positive tone ahead of October jobs numbers due out at 7:30 CDT that could show the U.S. economy created 325,000 jobs last month.

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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