It has been a short but action-packed week so far in the grain markets, but Friday may prove to be the biggest chance to swing the needle – in either direction. That’s because USDA releases two highly anticipated reports Friday morning.

The first is the agency’s weekly export report, which will be released a day later than normal due to the Labor Day holiday on Monday. That report comes out at 7:30 a.m. CST.

Then, at 11 a.m. CST, USDA drops its September World Agriculture Supply and Demand Estimates (WASDE) report. Traders are eager to learn how adverse weather suffered through August affected yield and production potential. Analysts expect average corn yields to slide to 178.3 bushels per acre, with average soybean yields falling to 51.8 bpa.

But USDA’s numbers could go even lower than those estimates – or, they could rattle the markets by coming in with higher-than-expected supply data.

We also shared our latest thoughts on outside markets that sometimes influence grain prices, including the stock market, energy prices, the U.S. Dollar, gold and copper – all of which have shown plenty of volatility this spring and summer.

Listen to the latest Midweek Markets podcast for September 10, 2020:

Farm Futures Market Update · MM PODCAST 2020 - 09 - 10