Markets Eye USDA Export Data
USDA could lower soybean carryout today while boosting stocks of corn and wheat due to weak sales. (Audio)
Compiled by staff
Published: Dec 11, 2012
The December USDA usually doesn’t make big waves, because the agency waits to update its forecasts for corn and soybean production until January, when grain stocks and winter wheat seedings estimates are also put out. The big numbers today could come on the export side, as the agency releases the last of its 7:30 reports; starting in January they will be put out at 11 a.m.
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.
EYE ON EXPORTS: USDA could lower soybean carryout today while boosting stocks of corn and wheat due to weak sales.
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.
Permalink: Click here
Tagged: usda, department of agriculture, winter wheat, wisconsin department of agriculture, soybean production
|