Grain futures overnight are in the calm before what’s likely to be a storm Friday. USDA releases highly anticipated June 1 Grain Stocks and Acreage reports at 11 a.m. Chicago time. Midwest weather is also calm, after weeks of heavy rains and flooding, with a shift towards cooler and drier conditions underway for July.
You can listen to his commentary by clicking on the audio link on this page. And check back at 11 for a look at that USDA report and Farm Futures analysis of what the numbers mean. We'll also be tweeting immediate information from the report at www.twitter.com/farmfutures.
And be sure to check http://www.FarmFutures.com after 11 when we start posting information from the USDA report. We'll provide updates as we parse through the information. And you'll get more analysis in the afternoon edition of Farm Futures Daily - our twice-daily e-newsletter. If you want to see it, sign up here.
CALM BEFORE STORM? The market awaits USDA's Grain Stocks report. Trade is quiet overnight.
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.
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