FSA Acreage Data Rallies Grain Futures

FSA Acreage Data Rallies Grain Futures

Traders likely are misinterpreting agency report, as market looks for clues in numbers. (Audio)

Grain futures were foundering overnight before USDA’s Farm Service Agency released its update on certified acres at 5 a.m. Traders appear to be treating the numbers like a regular acreage report from the government, not realizing the differences in the data, sending futures higher across the board. Outside markets are flat, as a crucial two-day meeting of the Federal Reserve gets underway.

Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

FSA BUMP? Markets rise on acreage numbers from USDA's Farm Service Agency.

Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures 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 Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

You can add bushels to your soybean yield with our new free report Boost Your Soybean Yield. Click the link, download the report and start thinking about 2014.

TAGS: Soybean
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish