Nearby soybeans continued their rally again on Thursday, sending nearby July futures to their best showing since August 2014. Unlike the past couple of days, soybean meal is leading the chart, despite a crush report Wednesday that showed inventories building in April. The bean rally is helping corn and wheat despite cautious trade in outside markets.

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Nearby soybeans continued their rally again on Thursday. (Photo: lukas_zb/Thinkstock)

Senior Editor Bryce Knorr 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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