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Will USDA report change outlook?Will USDA report change outlook?

Soybeans near last week’s highs despite nervous world markets. (Video)

April 10, 2017

1 Min Read

Grain futures are mixed this morning, reflecting nervous outside markets and the approach of another USDA report on Tuesday. The government isn’t expected to make big changes to its forecasts of supply and demand in the U.S., but estimates of South American corn and soybean production are in question after rain threatened crops again in Argentina. Storms moved through parts of Argentina’s growing region over the weekend, helping support soybean futures.

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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.

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