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USFR Weekly Recap - March 9-10, 2013

March 9, 2013

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2065

MARCH 9-10, 2013  

 

 

HEADLINES:

AN UPDATED SUPPLY-DEMAND REPORT FROM THE USDA IS SURE TO BE MARKET MOVER.

MEANWHILE, USDA SAYS IT WILL NOT CHANGE THE TIME IT RELEASES ITS MAJOR GRAIN REPORTS, EVEN THOUGH THE C-M-E GROUP HAS DECIDED TO REDUCE ITS 21 HOUR TRADING DAY. ELECTRONIC TRADING WILL RUN FROM 7 PM TO 7:45 A-M CENTRAL TIME SUNDAY THROUGH FRIDAY. THEN THEY'LL TAKE A 45 MINUTE BREAK. E-TRADING AND FLOOR TRADING WILL RESUME AT EIGHT-30 IN THE MORNING. TWO RECENT WINTER STORMS DELIVERED AN ABUNDANCE OF MUCH NEEDED MOISTURE TO THE CENTRAL PLAINS. WHILE NOT ENOUGH TO BREAK A DROUGHT, WHEAT PRICES DID SLIDE LOWER IN THE PAST WEEK. IN ADDITION, THE 30 DAY OUTLOOK SHOWS PROMISE.

CROP WATCH:

CROP WATCH THIS WEEK.

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