USDA reports are coming fast and furious, with the agency’s latest due out Oct. 11. The monthly supply and demand report will provide more answers to a market with plenty of questions. The size of the corn crop is a major concern. If the crop is smaller, a run towards $9 isn’t out of the question. But an 11 billion bushel crop could mean the rally is over, according to Senior Editor Bryce Knorr.
He offers an in-depth look at what last week's report means and a look ahead to that big report, as well as other forecasts to help you better understand the risk management factors ahead.
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.