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Soybeans surge on Argentine weatherSoybeans surge on Argentine weather

Futures rally as dollar weakens on Wall Street rebound. (Video report)

February 12, 2018

1 Min Read

Markets of all stripes are putting on their rally hats today. Soybeans lead grain markets higher on a shift back to hot, dry weather in Argentina, notching double digit gains overnight and pulling wheat and corn higher. U.S. stock indexes are also surging following Friday’s bullish reversal higher. A weaker dollar is helping commodities too, sending crude oil up $1 a barrel.

Watch the latest Facebook video 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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