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No surprises in USDA crop report

Corn crop trimmed, soybean crop raised. (audio)

Crop numbers in today’s USDA’s monthly production and demand reports were close to trade forecasts. The futures markets had little reaction to the numbers, but corn futures did move lower about an hour later as traders may be focused on the current harvest.
Rain moves through Midwest harvest areas today, but forecasts favor drier conditions on Thursday. The latest 6- to 10-day outlook remains wet and warm for the Midwest.

Listen to the report using the audio link on this page.

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

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