Farm Progress

Trade still an anchor for soybeans

Corn and wheat try to move higher in overnight trade. (Video report)

August 6, 2018

1 Min Read

Soybeans and the rest of the grain market headed in different directions overnight. Concerns about the trade dispute with China dragged down soybeans as the war of words between the two countries showed no signs of ending over the weekend. Wheat saw some follow-through selling after Friday’s weak finish but is trying to reverse higher with forecasts for lower global production keeping the market firm. Corn also steadied, trading in a narrowing range ahead of Friday’s key production estimate from USDA.

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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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