Soybeans See Follow Through
Soybean futures prices turn around overnight despite cautious tone around the world. (Audio)
Published: Nov 21, 2012
Soybeans are seeing follow through buying after yesterday’s turnaround higher, overcoming world markets that are more cautious ahead of the Thanksgiving holiday in the U.S. Problems getting the Greek debt package approved, more fear about the U.S. fiscal cliff and a bombing in Israel could combine with expiration of December options to keep futures choppy. Farm Futures Senior Editor Bryce Knorr offers an early look at overnight trade.
You can listen to their conversation by clicking on the audio link on this page.
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.
SOY OPTIMISM: Soybean futures prices turn around overnight despite cautious tone around the world.
You can also catch Bryce Knorr daily at www.DatelineDrought.com where he offers an afternoon video wrapup on the markets, often in partnership with Max Armstrong or Greg Soulje. The site is focused on moving into 2013 after the devastating 2012 Drought and includes links from the Farm Progress family of magazines on a wide range of drought and farm management topics.
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