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Weather, charts give beans a boostWeather, charts give beans a boost

Futures firm despite open weekend for harvest. (Video report)

October 30, 2017

1 Min Read

Soybeans are higher this morning, attracting follow-through buying after holding a test of chart support last week. Concerns about conditions in South America are also on the radar to start the week, though growers in the U.S. enjoyed better weather for harvest, as long as the heater was working in the combine. Corn and what lagged behind beans, with corn still trying to confirm harvest lows as more producers turn to those fields.

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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