The Buzz: Weather Trumps USDA Report

The Buzz: Weather Trumps USDA Report

Grain futures ignore forecasts for big corn and soybean carryout

What if they put out a USDA report, and nobody cared? That's what mostly happened in the market on Thursday. After briefly trading forecasts for big 2013 corn and soybean carryout, traders remember that it's July, which can mean only one thing: It's all about weather. Senior Editor Bryce Knorr and Market Analyst Paul Burgener go over the numbers and the latest forecasts, and what they mean for your business.

Watch the conversation using the video link below.

Grain futures ignore forecasts for big corn and soybean carryout

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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