USDA Reports
Major changes weren’t anticipated for USDA’s April World Agricultural Supply and Demand Report, but there were still a few surprises — mostly for corn.
Tommy Grisafi, Nesvick Trading, says grain futures saw risk on buying as traders were adding weather premium but biofuels news was also supportive.
DuWayne Bosse of Bolt Marketing says the grain markets are still digesting the USDA report data but are looking ahead now at weather and the impact of “Liberation Day.”
Darren Frye with Water Street Solutions says the USDA Prospective Plantings and Quarterly Stocks Reports usually generate plenty of fireworks but the reaction was rather benign.
USDA’s March Prospective Plantings report estimates U.S. farmers will plant 95.3 million acres of corn in 2025, 83.5 million acres of soybeans and 45.4 million acres of wheat.
Randy Martinson, Martinson Ag, says he expects more corn in the Dakotas and Minnesota but at the expense of more spring wheat than soybeans.
Not only is USDA releasing its first survey-based acreage report of the year, but it’s the week President Trump is set to unleash reciprocal tariffs. Market analysts warn it could be an explosive week in the markets, and farmers should prepare.
Kent Beadle, Paradigm Futures expects high volatility at the end of the month and recommends farmers get some sort of risk management strategy in place to at least put a flood under grain prices.
Jon Scheve provides some historical insight on corn prices, and shows that in the last 35 years corn’s high for the year has never happened in February.
Jon Scheve discusses the variables that will impact the corn market over the next few months.