Below is AgWeb's full coverage of the Jan. 12 reports. Check back to see more news and commentary of the data from the Crop Production reports, Grain Stocks reports and World Supply and Demand Estimates.
News & Analysis
AgWeb Radio: Midday Commentary 1-13-12
Kevin Van Trump of Farm Direction said the markets are trying to digest yesterday's report. South American weather is still at the forefront of concern. Maybe more interest in Soybeans from China. Standard and Poor cut the French AAA rating, causing concern by outside markets.
AgWeb Radio: Opening Commentary 1-13-12
Tom Grisafi of Indiana Grain Company says overnight markets were rather quiet, but corn spreads traded lower. Crude oil has been quite volatile in price. Remember, no trade Monday, so that may affect today's close.
Higher Grain Yields, Stocks Surprise Markets
Yesterday's bearish USDA report caused corn futures prices to drop to the daily limit of 40 cents
AgWeb Radio: Closing Commentary 1-12-12
Nate Smith of the Gulke Group pointed out that the overnite trade prices were a bit higher based on weather in South America. When the markets opened (after the report information was made available), Corn was down the limit and hardly traded at all. Beans and Wheat both traded much lower.
AgWeb Radio: Midday Commentary 1-12-12
Bob Utterback of Utterback Marketing said Corn just came off the limit down by one cent from the open. Bob explains what the new target prices should be and the timing.
Take Heart: Higher Prices could Follow Bearish Reports
USDA’s crop reports released this morning held bearish surprises, but analysts caution world grain stocks are far from burdensome.
AgWeb Radio: Jerry Gulke Special Report 1-12-12
Jerry Gulke of the Gulke Group with comments on the USDA report released earlier this morning
AgWeb Radio: Opening Commentary 1-12-12
Mike Howlett of Top Third Ag Marketing says the government did it again. Numbers on today's report were bearish across the board. Expect markets to open down: corn down 35-40, beans down 45 and wheat down 30.
Farmers Produced Less in 2011, USDA Reports
Challenging weather conditions troubled the crop year.
Read what farmers are saying about today's reports. See:
Marketing Old Crop and New Crop 2012
Jan 12 USDA Reports
Find out what tradersand others are saying about the reports on Twitter: AgWeb's Market Tweets
See how the reports are affecting prices. Visit the AgWeb Markets Center.