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Soybeans lead market into holidaySoybeans lead market into holiday

Rising tide on Wall Street lifts all boats. (Video report)

November 22, 2017

1 Min Read

Soybeans attracted steady buying overnight after holding chart support, firming to two-week highs ahead of the morning break in Chicago. That momentum helped firm corn and wheat, with a better tone noted on many markets after stock prices on Wall Street posted record highs Tuesday. Look for position squaring today ahead of the Thanksgiving holiday, when markets don’t reopen until 8:30 a.m. CST  Friday.

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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