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Pre-Report Analysis of June 29 Reports

June 29, 2012
By: Sara Schafer, Farm Journal Media Business and Crops Editor
Farmland aerial
  

AgWeb.com will have full coverage of the June 29 Acreage and Grain Stocks reports, following the 7:30 a.m. releases.

Below are a few pre-report news items to read before the numbers come out.
 

Expect More Acres for Both Corn and Wheat
Two major corn and soybean market reports are due from USDA Friday morning, but they're fighting with weather for attention.

AgWeb Radio: Midday Commentary 6-27-12
Doug Werling of Bower Trading says markets are going up, expecting supply to go lower than anticipated. Early planting does not always produce higher yields -- weather is the key. USDA's anticipated numbers are causing speculators to become volatile.

AgWeb Radio: Opening Commentary 6-27-12
Andy Shissler of Roach Ag Marketing says all markets are up this morning. No question: the market is a full-blown weather market. Perhaps some easing as weather forecasters issue new reports.  

Kevin Van Trump of Farm Direction says the market went up then down today and seems to be gaining again late in the day. Ethanol plants are cutting back. Weather is really driving the markets without any outside help. Some concern USDA report will announce more planted acres and could be a bearish report.
 
Tom Grisafi of Indiana Grain Company says the market is very volatile and producers who want to take advantage of the higher prices should do it carefully. Market is trying to determine the size of crops. USDA report on Friday may be bearish.
 
Mike Howlett of Top Third Ag Marketing says overnight was calm after limit up in corn yesterday but prices are moving up again. Crop conditions dropped more than anticipated. Upcoming EU announcement, USDA report Friday.

 

Blog Commentary

Standard Grain: Weather Still Main Issue Despite USDA Report

The Allendale Wake-Up Call: Will Weather Trump USDA Report

Ask a Margins Expert: Ready for the Report?

The Allendale Wake-Up Call: Traders Get Positioned For USDA Report

EHedger Report: EHedger Afternoon Grain Commentary 6/26/12

The Allendale Wake-Up Call: Corn Conditions Drop 7% This Week

Standard Grain: Grains Rally on Weather

 
 

Audio Analysis

Listen to several recent episodes of AgWeb Radio for further analysis of the reports from market experts.
 

 

 

See Comments

RELATED TOPICS: Corn, Soybeans, Marketing, Crops, USDA, Exports

 
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