Markets quiet ahead of USDA reports

Markets quiet ahead of USDA reports

Government not expected to make big changes to supply and demand estimates today. (Audio)

Prices are steady to a little lower this morning, with quiet trading noted as the market waits for USDA’s March supply and demand report due out at 11 a.m. CT. Only minor changes are expected to the government’s forecasts today. Outside markets should provide some support. Stock indexes turned higher in Europe after losses in Asia, while crude oil is above $37 a barrel despite likely bearish inventory data today.

Knorr shares market insights from overnight trade and you can listen using the audio tool on this page (just scroll down).

Overnight trade soft as the market awaits release of USDA supply and demand 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.

TAGS: USDA
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