Bearish trading in soybeans didn’t last long overnight, when follow-through selling from Monday’s downturn dried up quickly. November futures are trying to hold a reversal higher, despite improving crop ratings last week. Farmers continue to make progress harvesting 2018 crops; to do that they’re burning more fuel, helping Midwest cash wholesale diesel prices surge to their highest level in nearly four years.

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.