The Buzz: September Estimates Loom Large

The Buzz: September Estimates Loom Large

USDA could lower forecasts for corn and soybeans again.

Farm Futures shocked the grain trade last month with its forecasts for low corn and soybean production, but the industry is moving closer and closer to our predictions. USDA should follow suit Sept. 12, when it updates its supply and demand forecasts. While corn carryout forecasts may not change much, the bean numbers could tighten to impossible levels, according to the Farm Futures marketing team of Senior Editor Bryce Knorr and Market Analyst Arlan Suderman.

USDA could lower forecasts for corn and soybeans again.

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.

Arlan Suderman is a Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. Since May 2000, providing market analysis on this site and the sites of 18 regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.


TAGS: USDA Soybean
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