The rally in soybean came to a screeching halt Monday after prices moved to a new 10-week high, leaving a bearish reversal from chart resistance that's keeping overnight trade in check this morning. Weather conditions remain good in South America, prompting more forecasts for a huge crop out of Brazil and Argentina. While good exports could cause USDA to lower its forecast of carryout in next week's supply and demand report, farmers aren't bypassing the opportunity to sell $13 soybeans.
Farm Futures Senior Editor Bryce Knorr talks with Pam Jahnke, Wisconsin Farm Report.
Listen to the conversation using the audio link on this page.
Bryce Knorr, Senior Editor, Farm Futures, first joined Farm Progress Cos. in 1987. In addition to analyzing and writing about the commodity markets, he is a former future 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 Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.
Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin. Known as the "Fabulous Farm Babe," Pam studied broadcast journalism and broad-area agriculture at the University of Wisconsin-River Falls. After college, Pam moved to farm broadcasting and has never looked back. She says communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.