March 31, 2016
Grain futures were quiet overnight, ahead of today’s big USDA Gain Stocks and Prospective Plantings reports, after wetter forecasts for the Plains sank wheat prices on Wednesday. Traders meanwhile continue to watch news out of China, where the government is scraping its support price system to get rid of a massive surplus of corn. While the shift is bearish short-term, it could provide a new market down the road for U.S. farmers.
Knorr discusses overnight market moves with Pam Jahnke, Wisconsin Farm Report, and you can listen using the audio tool on this page (just scroll down).
QUIET: Overnight trade takes a breath ahead of today's big USDA reports.
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 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. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.
Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin. Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back. Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.
You May Also Like
Current Conditions for
Enter a zip code to see the weather conditions for a different location.
Cornstalk grazing 101Dec 05, 2023
A man and his champion tractorDec 06, 2023
Check all options before investing in robotic milkersDec 05, 2023
Farm Progress America, December 8, 2023Dec 07, 2023
Colorado works to prevent wildlife-livestock conflictsDec 07, 2023
How organic growers solve challenges: ‘Don’t give up’Dec 07, 2023
All eyes on SonomaDec 07, 2023