Markets Prepare for Trend-Setting Reports

 
Markets Prepare for Trend-Setting Reports

Corn futures posted mild price gains this week on short-covering ahead of USDA's March 31 Prospective Plantings and Quarterly Grain Stocks Reports. Soybeans saw short-covering early in the week, though expectations for an increase in bean planting from last year returned pressure on the market. Wheat futures took weather premium out of the market this week as rains fell in HRW wheat country. The late-March USDA reports have the potential to set the price tone as we head into the spring planting season. We take a detailed look at potential report implications -- and much more -- in this week's Pro Farmer newsletter.

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