Farm Progress

What will the acreage report mean for prices?

Analysis of Farm Futures March grower plantings survey. (Video)

Bryce Knorr 1, Senior Market Analyst, Farm Futures

March 24, 2017

1 Min Read
oticki/ThinkstockPhotos

Farm Futures latest grower survey shows producers want to plant less corn and wheat and more soybeans. What will that mean for prices? Farm Futures grain market analyst Bryce Knorr breaks down the numbers and what to look for in USDA’s other March 31 report, quarterly Grain Stocks. These two reports set the stage for growing season rallies, which should be crucial to providing hedging opportunities. Otherwise, with good production in 2017, supplies could stay burdensome.

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.

Related:Growers still plan to push soybeans

About the Author

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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