Futures ignore USDA, focus on options

Futures ignore USDA, focus on options

Wheat fades as export sales lag (midday audio)

Traders woke up to the full set of 2015 supply and demand forecasts put out at USDA's outlook conference, but the update pretty much caused them to hit the "snooze" button. Instead, the market's attention appears focused on expiration of March options in corn and soybeans, where some key strikes are in play. Wheat continues to weaken on disappointing export data.

Listen to the report using the audio link on this page.

Wheat fades as export sales lag

Bryce Knorr, Senior Market Analyst, 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.

TAGS: USDA
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