October 28, 2016
Most of the news in the grain market as October ends came from soybeans, where prices surged, staging a rally of 85 cents to trade back above $10. Strong exports, fund buying and a chaotic cash market help take prices back to profitable levels for many growers. But as the countdown to the presidential election beings, more evidence of jitters hit the market too, with the latest headlines causing a sharp break on the Dow.
Senior Editor Bryce Knorr offers his insight into trade.
Senior grain market analyst Bryce Knorr.
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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