Soybean futures tried to surge through chart resistance Thursday only to pull back and close unchanged, and the market has an uncertain tone again today as it tries to hold on to its rally off Jan. 12 USDA report lows. While dry weather in Argentina remains an issue, the rally has come at an unusual time of year. The dollar continues to dominate trading in corn and wheat, slipping hard again today, losing a rebound sparked by support from President Trump yesterday.

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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