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Where Will USDA Surprise?

Supplies look bearish but demand strong for corn and soybeans. (Audio)

Published on: Nov 8, 2013

It’s been two months since USDA provided an update on production, supply and demand in the U.S. and around the world, making today’s reports from the agency even more anticipated that normal. Farm Futures expects big corn and soybean crops but strong demand could bite into those big supplies. Wall Street, meanwhile, waits for important data on jobs after failing to hold a rally Thursday to new all-time highs.

 Senior Editor Bryce Knorr offers his insight into overnight trade, listen using the audio tool on this page.

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 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.

WAITING GAME: USDA report today is definitely a big one.
WAITING GAME: USDA report today is definitely a big one.

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