Quick Reaction: USDA Outlook Forum

Published on: 12:51PM Feb 21, 2020
 

Joe Vaclavik discusses this week's USDA Ag Outlook Forum numbers. He argues that most of these numbers are not actionable in regard to grain marketing and that USDA has simply issued a series of "educated guesses." USDA projected 2020 US corn acreage at 94mil. USDA projected 2020 US soybean acreage at 85mil. Both numbers would be up significantly vs. 2019 if realized. The yield and production numbers are a function of weather and are largely unpredictable.

The Grain Markets and Other Stuff podcast focuses on grain markets, grain marketing, the business of farming, and a variety of other related topics. Joe Vaclavik is the owner of Standard Grain, a commodity brokerage and consulting business located in Tennessee. He spends his days providing farmers and feedlot operators with risk management services including brokerage and consulting. The Standard Grain Morning Update is popular read among farmers across the country. Joe spent the first 13 years of his career in the commodity business at the Chicago Board of Trade and relocated to the Greater Nashville area in 2018. Joe is a frequent guest on programs like US Farm Report, Ag Day, Agritalk Radio, many AM stations, and other news outlets. Aside from the commodity business, Joe enjoys music, fishing, BBQ, and spending time with his wife and three kids. Subscribe to the Grain Markets and Other Stuff podcast on Apple, Google, Spotify, Stitcher, and other podcast apps.

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