Futures Watch For Corn Stocks Surprise

Futures Watch For Corn Stocks Surprise

Increased winter livestock feeding could lower corn inventories. (Audio)

Trading activity was lackluster as expected overnight as markets marked time before the 11 a.m. CT release of key reports from USDA. Predicting government data is always tricky, but the agency’s estimate of March 1 corn inventories hold potential for a lower than expected reading, with more cattle and hogs on feed than anticipated over the frigid winter.

Farm Futures Senior Editor Bryce Knorr talks about the markets with Mick Kjar, Valley News Live TV, Fargo.

You can listen to his commentary by clicking on the audio link on this page.

WAITING: USDA report has traders marking time and hoping for good news for corn.

Senior Editor 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.

Where will prices end up for season 2014? Get a jump on risk management planning with our special Farm Progress Marketing Webinar set for April 7, 2014. You'll hear from Bryce Knorr, Farm Futures senior market analyst, and Bob Burgdorfor, the new senior editor of Farm Futures.

TAGS: USDA
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