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Futures flirt with $10 againFutures flirt with $10 again

Soybean rally lifts all boats overnight. (Audio)

October 26, 2016

1 Min Read

November soybeans traded back above $10 overnight for the first time since August, though the double digit handle didn’t last once weakness in European markets began to weigh on sentiment. Still the bean strength was enough to turn wheat and corn higher, bucking the trend seen in stocks and other commodities. A big storm should slow combines in the northeastern quarter of the Midwest this week, as harvest tries to head down the home stretch.

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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