Grains Mixed Ahead Of USDA Reports

Grains Mixed Ahead Of USDA Reports

Wide range of farm futures estimates for corn carryout has traders bracing for volatility. (Audio)

USDA’s March 28 grain stocks reports shocked the market with bearish estimates for inventories of corn, soybeans and wheat. Now agency economists present their interpretation of what the stocks data means, when supply and demand forecasts are updated at 11 a.m. A wide range of estimates from analysts suggests potential for more volatility, especially in the corn market.

Farm Futures Senior Editor Bryce Knorr offers an early look at overnight trade. You can listen to his commentary  by clicking on the audio link on this page.

AWAITING THE REPORT: That USDA supply and demand report coming out at 11 has traders on edge, after the March 28 surprise.

And be sure to check http://www.FarmFutures.com after 11 when we start posting information from the USDA report. We'll provide updates as we parse through the information. And you'll get more analysis in the afternoon edition of Farm Futures Daily - our twice-daily e-newsletter. If you want to see it, sign up here.

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 Soybean
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