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Markets quiet despite Wall Street turmoil

Markets quiet despite Wall Street turmoil

Dry weather in key Brazil growing region stirs short covering in soybeans. (Audio)

Conditions in Mato Grosso have been warm and dry all during the growing season this year, and the market final started paying attention on Thursday, helping soybeans stage a dramatic reversal higher. Beans are holding those gains today, despite selling in stocks around the world that brought an abrupt rally to this week’s rally.

You can listen to Bryce's comments using the audio player below.

Soybeans hold Thursday gains in overnight trade despite global market volatility

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.

TAGS: USDA
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