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USDA Data Produces Big Price Swings

Stocks exceeded trade expectations in this morning's report, but end users are still nervous about the coming year's stocks. (Audio)
Compiled by staff 
Published: May 11, 2011

Arlan Suderman and John Jenkinson discuss the markets on The Ag Network. Arlan says that stocks are going to be tight during the next year as everyone has been predicting for some time, but according to USDA's numbers in the May Crop Report, not as tight as the trade thought. To listen to their conversation use the audio player below.

Arlan Suderman is Market Analyst for Farm Futures magazine and FarmFutures.com. He has served on the staff of Farm Progress Cos. since May 2000, providing market analysis and commentary for its family of 18 state and regional publications. His Afternoon Recap provides market analysis on this site each afternoon that the grain trade is open. Suderman also provides real-time market commentary via Twitter at twitter.com/ArlanFF101. Suderman brings a wealth of hands-on experience to the table after completing his Certified Crop Advisor status in 1997 while serving in the Kansas Extension Service.

John Jenkinson is Senior Farm Broadcaster for "The Ag Network." John grew up on an irrigated and dryland grain farm in Southwest Kansas.  With an early passion for agriculture, he was active in the FFA,4-H, and went to college to pursue agriculture.  In 1997, someone mentioned that he should look into farm broadcasting as a career, and that began a new chapter in his life and he eventually became a board member of the National Association of Farm Broadcasting.  The stations that John has worked at are legendary farm radio stations with deep agribusiness roots, KFEQ, KSIR, WIBW, KXXX, KMZU, and KBUF.  In April of 2008, John started "The Ag Network" with 3 affiliates in Colorado, and then added stations in Kansas and Oklahoma.  Today, "The Ag Network" is still growing, and John is hosting two live farm talk shows, as well providing 12 farm programs a day for affiliates. He also produces a daily farm television program for a statewide network in Kansas.



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Tagged: farm, farmfutures, farmfutures.com, arlan suderman, usda

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Thank you, USDA, for causing such artificial volatility that CFTC is now raising the limits on corn again; forcing farmers into margin positions.
Posted by iowafarm on May 11 at 12::54 PM
And they say that Wall Street manipulates the markets? USDA causes more damage in 15 minutes than the traders do over 5 years. What happens when the regulators are forced to acknowledge their inflated corn stocks and yields? We will get corn at $8.50. Hoping that China jumps in this year so that USDA doesn't direct this circus. I think these numbers are driven by politics - specifically a campaigning lame-duck President.
Posted by iowafarm on May 11 at 12::52 PM
 
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