Grain futures are higher across the board this morning, with soybeans and wheat leading gains. Soybeans traded back and forth during the overnight session before moving to new highs, with November trading above $10, a key strike price ahead of today’s expiration of nearby options. Wheat is finding support from news reports that dry conditions could hurt Russia’s winter wheat crop, which is already facing colder temperatures.
Senior Market Analyst Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.
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.
Take on 2015 with the right set of financial and management tools, make plans now to attend the 2015 Farm Futures Business Summit, Jan. 7 & 8, 2015. Learn more at the event web page where you can register and make your hotel reservation.