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Farm Market Trade Takes South American Focus

Farm Futures position squaring softens prices ahead of USDA report, with all eyes on Brazil and Argentina. (Audio)

Published on: Feb 7, 2013

Futures prices saw light selling overnight as traders get into position for Friday’s month supply and demand report from USDA. Much of the talk in the market, however, is about South America, where it’s either too wet or too dry in some key production areas. Senior Editor Bryce Knorr, just back from Brazil, provides his perspective.

Farm Futures Senior Editor Bryce Knorr talks markets with Pam Jahnke, Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

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.

PRE-REPORT MOVES: Position squaring softens prices ahead of USDA report, with all eyes on Brazil and Argentina.
PRE-REPORT MOVES: Position squaring softens prices ahead of USDA report, with all eyes on Brazil and Argentina.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

And check out www.DatelineDrought.com, which is focused on moving into 2013 after the devastating 2012 Drought and includes links from the Farm Progress family of magazines on a wide range of drought and farm management topics.

And we're offering a new free report - Five Post Drought Strategies for a Better 2013 - filled with a wide range of information you can use in your operation. Check out the link today for the free download.