Grain Futures Try to Recover

Grain Futures Try to Recover

Traders already turning the page to anticipate acreage and grain stocks data June 28. (Audio)

Only limited follow-through selling was seen overnight in the wake of Wednesday’s mostly bearish USDA reports. While the government’s adjustments to corn production yesterday were only done with statistical formulas, the agency’s survey of farmers set for release June 28 will provide harder data on what got planted – and what didn’t.

Farm Futures Senior Editor Bryce Knorr talks markets with Pam Jahnke, Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

ALREADY LOOKING AHEAD: Limited follow-through selling was a sign that traders are already aiming for that 6/28 USDA report.

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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

Give us a moment of your time - Take the Farm Futures Survey - and help us report planted acres ahead of USDA's June 28 estimate. A few minutes with us can help us tell the real story.

TAGS: USDA
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