Will Today’s Reports Lift or Fizzle Prices?

Author: Kristy

JANUARY 10, 2014

By: Sara Schafer, Business and Crops Online Editor
USDA   flying money


Market experts weigh in on potential surprises and market reaction.

Today at 11 a.m. USDA will release the following major crop reports: Annual Crop ProductionGrain StocksWinter Wheat Seedings, and World Agricultural Supply and Demand Estimates (WASDE).

“With four major reports being released, it’s really going to be a ‘Grain Grand Slam’,” says Greg Wagner, president of GWX Ag Advisors.

Which Report Will Steal the Show?

Wagner says the Grain Stocks report, in particular for corn, will likely grab headlines. He’s keeping his eye on the feed and residual offtake. “The sharp recovery in exports is known and the trade has a good handle on food, seed and industrial use,” he says. “But the well-known unknown is the ‘slush’ category of feed and residual that could provide fireworks.”

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