The Buzz: June USDA crop reports pressure markets

The Buzz: June USDA crop reports pressure markets

New crop corn, soybeans and wheat futures head lower with no bullish surprises from the June 2013 USDA crop report

USDA made a few changes around the edges of the supply and demand situation in the grain futures market, but not what the trade was hoping for. Futures headed lower, with only July soybeans holding above water, barely. Senior Editor Bryce Knorr and Market Analyst Paul Burgener go over the June 2013 USDA crop report, and what could change in the weeks ahead.

Watch the conversation using the video link below.

New crop corn, soybeans and wheat futures head lower with no bullish surprises from government data.

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.

Market Analyst Paul Burgener is a new addition to the Farm Futures team but has a solid ag economics history. A former University of Nebraska research coordinator and ag economist from the University of Wyoming, Burgener brings a lot of background to his new role. Most recently, he was also involved in agricultural finance, and will offer that perspective in future articles on the Web and in print too.

TAGS: USDA
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