The Buzz: January USDA crop reports bring high volatility

The Buzz: January USDA crop reports bring high volatility

Soybeans sell off despite strong demand as dollar roils markets; market reacts to January USDA crop report

Questions remain about the 2014 corn and soybean crops but one thing is clear: there are plenty of bushels. That's keeping soybeans under pressure despite more signs of strong demand. Nervousness from outside markets continues to threaten ag prices, with currencies and crude oil an ongoing factor.

Bryce and Bob review the January 2015 USDA crop reports.

Watch the conversation using the video link below.

Soybeans sell off despite strong demand as dollar roils markets

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.

TAGS: USDA
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