Analysts spend a lot of time talking up USDA reports. Tuesday's data dump from the government shows why. Bearish surprises for corn spilled over to wheat, and only soybeans escaped the carnage. Did the market overdo it? Grain market analyst Bryce Knorr and senior editor Bob Burgdorfer talk about the reports and the outlook for spring.
Watch the conversation using the video link below.
Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress 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.
Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.