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Grain Futures Had Big Chill In 2013

Recovery could hinge on next set of USDA reports. (Audio)

Published on: Jan 2, 2014

The corn market suffered one of its biggest year-to-year declines in history during 2013, when nearby futures tumbled by almost 40%. Wheat and soybeans fared better but also declined, creating an uncertain outlook for the year ahead. Any recovery could be quickly tested Jan. 10, when USDA releases key data on production, demand and winter wheat seedings.

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.

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.

DECLINE: Outlook for the new year is uncertain. All eyes will be on that Jan. 10 report.
DECLINE: Outlook for the new year is uncertain. All eyes will be on that Jan. 10 report.

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.

Looking for ways to maximize corn yield? We have a new free report - Maximize Corn Yield Potential - just updated for the 2013 season. The 32-page report offers a range of insight into ways you can put more bushels in the bin.