The Buzz: March Madness In Soybeans

The Buzz: March Madness In Soybeans

Futures explode to new contract highs on tight supplies

It's a big week for basketball fans, but an even bigger week for farmers, on the heels of key USDA reports March 31. The government's estimate of soybean inventories did little to dispel notions that the U.S. could run out of supplies this summer without price rationing imports. Corn data was also friendly, with only wheat sitting on the bench. Senior Grain Market Analyst Bryce Knorr takes a look at the reports and their impact on prices.

Futures explode to new contract highs on tight supplies

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.


How will the March 31 USDA reports impact your bottom line? Farm Futures Senior Market Analyst Bryce Knorr and Farm Futures Senior Editor Bob Burgdorfer will discuss the reports and the spring weather outlook in a free webinar April 7 at 7 p.m. CDT. Learn more about the Farm Futures webinar.

If you missed the webinar, check out Bryce Knorr's Morning Market Review updated every day by 7:30 a.m. CDT.


TAGS: USDA
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