The Nov. 9 crop report from USDA pushed up the average yield for soybeans which was enough to push traders over the edge. That happened, despite historically tight supplies. Wheat was bearish too as export numbers slid, but with bad weather and falling winter wheat conditions the outlook could change. Corn slipped, but not much, because traders still hold out hope that USDA will reduce the corn crop in the January report. Farm Futures Senior Editor Bryce Knorr talks over a range of issues for this report in this week’s edition of The Buzz.
Just click on the video link below to learn more about what this latest report means to your risk management plan.
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.
The Buzz is a weekly video feature where the Farm Futures team takes a more in-depth look at key topics impacting the markets. It is often updated on farm market report days as well.