Markets Peel Back Before USDA Reports

Markets Peel Back Before USDA Reports

Lack of weather threat puts a premium on a big surprise to move prices. (Audio)

Traders are eagerly awaiting what USDA has to say about June 1 grain stocks and acreage this morning, but some were already selling again Sunday night into Monday morning. Lack of a weather threat to crops as the corn pollination window approaches means today’s data may have to produce a real shocker to generate much heat. Hogs could steal the show, with a limit up open possible to start the holiday shortened week.

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.

Lack of weather threat puts a premium on a big surprise to move prices.

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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