Traders Skeptical of China Corn Purchase Report

Traders Skeptical of China Corn Purchase Report

Prices tumbled ahead of Friday morning’s USDA stocks and acreage report, with the trade leaning heavily to the bearish side. (Audio)

There was a lot of red on the market today as overall fears of a bearish corn acreage report on Friday from USDA. There has also been talk about another bearish suprise in the stocks report. That fear has pressured prices lower through sell stops and everyone is trying to get out of the market. To listen to Arlan Suderman and Lory Williams discuss markets on The Ag Network use the audio player on this page.

Arlan Suderman is Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. since May 2000, providing market analysis and commentary for its family of 18 state and regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.

John Jenkinson is Senior Farm Broadcaster for "The Ag Network." John grew up on an irrigated and dryland grain farm in Southwest Kansas.  With an early passion for agriculture, he was active in the FFA, 4-H, and went to college to pursue agriculture.  In 1997, someone mentioned that he should look into farm broadcasting as a career, and that began a new chapter in his life and he eventually became a board member of the National Association of Farm Broadcasting.  The stations that John has worked at are legendary farm radio stations with deep agribusiness roots, KFEQ, KSIR, WIBW, KXXX, KMZU, and KBUF.  In April of 2008, John started "The Ag Network" with 3 affiliates in Colorado, and then added stations in Kansas and Oklahoma.  Today, "The Ag Network" is still growing, and John is hosting two live farm talk shows, as well as providing 12 farm programs a day for affiliates. He also produces a daily farm television program for a statewide network in Kansas.

TAGS: USDA
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