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Asian buying helps soybeans

Problems in Italy don't impact market. (Audio)

December 5, 2016

1 Min Read

Grain futures are higher this morning, getting a lift from buying in Asia and the ability of financial markets to quickly move beyond turmoil in Italy. Soybeans were already moving higher in the U.S. when buying in China help give futures another leg higher, thanks to strong demand. U.S. stock index point to a higher open on Wall Street this morning, ignoring Italian voters’ rejection of reforms that caused another government to fall. Crude oil is adding to last week’s gains, trying to cement a move over $52 a barrel.

Listen to today's audio commentary with the online player. (just scroll down).

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Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.


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