Technical Weakness Hits Soybeans
Futures start soft Sunday night and don't recover as traders in U.S. wake up. (Audio)
Published: Sep 17, 2012
The soybean market flashed plenty of warning signs last week, failing to hold onto gains despite a bullish USDA report and a helping hand from the Federal Reserve's new round of quantitative easing. Friday's bearish reversal lower by November futures was followed by a gap lower open Sunday, triggering more profit taking.
Farm Futures Senior Editor Bryce Knorr talks with Mick Kjar, Farm Director & Meteorologist, Valley News Live TV, Fargo/Grand Forks.
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.
Futures start soft Sunday night and don't recover as traders in U.S. wake up.
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