Grain Futures Try to Firm Ahead of Reports

Grain Futures Try to Firm Ahead of Reports

USDA likely to show big production, demand is key. (Audio)

It’s been two months since USDA’s last update of production, supply and demand, which has traders riveted on Friday’s crop report. Farm Futures expects the agency’s estimates to show large corn and soybean crops, with the best hope for rallies coming from strong soybean demand after a furious sales pace this fall.

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.

BIG PRODUCTION: Demand is the key as traders watch for that big report Friday.

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.

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TAGS: USDA
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