Home / News / Crops news / USDA 'Report Day' wrap-up

USDA 'Report Day' wrap-up

Jeff Caldwell 03/31/2011 @ 2:46pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

The corn market closed locked 'limit up' on the CME Group Thursday, with the morning's USDA Planting Intentions and quarterly Grain Stocks reports providing all of the support for the commodities.

And, it's not just the grains: Thursday also saw big jumps in ag stocks, with machinery, fertilizer and ag chemical companies seeing big single-day gains by the close of Thursday's session.

Now, though traders expect the grains to trade on Thursday's USDA numbers through at least the week's end, it won't take long for the focus to shift back to Mother Nature: It's super-dry in the southwest and Plains, where the winter wheat's starting to come out of dormancy. And, the snowpack's still thick in the Dakotas, where USDA expects major corn crop size growth. Meanwhile, the weather really needs to cooperate in the Delta and mid-South, where farmers are just getting underway with planting.

So, where do the markets go from here? See what analysts think of Thursday's numbers and how farmers are reacting, both in their marketing strategies and spring planting plans.


 

 

 


CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Thursday… By: 12/18/2014 @ 6:15am Grains surging on Cuba news. For more than five decades, the U.S. has had a trade embargo against…

Senate OKs Section 179 Deduction; Act… By: 12/17/2014 @ 9:45am With just shy of 2 weeks left until the end of the year, Congress has finally made it official: The…

3 Things to Watch This Morning, Wednesday… By: 12/17/2014 @ 6:17am Watch for higher corn and wheat prices today. Overnight trading has corn and wheat futures trending…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]