Export Demand Supports Markets

Export Demand Supports Markets

Agencies slowly get caught up on data flow following government shutdown. (Audio)

Rain isn’t the only thing falling on the market this week. Various agencies continue to release data, trying to get caught up following the shutdown earlier this month. Thursday’s flow include three weeks of export sales reports, from a time when corn and soybean sales are typically strong, thanks to low prices at harvest. Other agencies won’t be fully caught up until Nov. 8, when USDA issues crucial production, supply and demand estimates.

Farm Futures Senior Editor Bryce Knorr talks markets with Kelsey Ostby at the Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

DATA TRICKLE: Information on U.S. exports is hitting the market which is supporting the trade.

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.

Kelsey Ostby joined the Wisconsin Farm Report team in 2012 working on field and on-air reporting for the network. Ostby grew up on a Wisconsin dairy farm and was active in FFA.

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