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Soybeans Still Suffer

Soybeans Still Suffer

November futures test $16 as weakness from last week continues. (Audio)

Futures broke below $16 during overnight trade in Asia, with follow-through weakness seen after last week’s decline. Ideas the crop is getting bigger added to fund liquidation from big speculators who are whittling away at their bullish bets, while corn traders fret about potential for a bearish surprise from Friday’s Grain Stocks report.

SOYBEAN SLUMP: November futures test $16 as weakness from last week continues.

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.

TAGS: USDA
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