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Options fly off the shelf along with Chicago wheat as market braces for volatility. (Audio)

August 12, 2016

1 Min Read

It’s report day for the grain market, when USDA releases its much-anticipated August crop estimates at 11 a.m. CDT. Traders prepared for surprises Thursday by adding tens of thousands of options, and there was also heavy trade in wheat. The market expects some bullish numbers for soybeans, with a big corn crop building inventories.

Listen to today's audio commentary with the online player. (just scroll down).


Senior Editor 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. And you can follow Farm Futures throughout the day on Twitter at

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