USDA will release the annual grain stocks report on Monday. Then on April 9, will use that data to forecast old-crop ending stocks, “which could have significant implications for prices, in what’s turning out to be another volatile year,” says Bryce Knorr, Farm Futures senior market analyst.
"March 1 grain stocks data gave us a good idea about how much was fed to livestock over the winter, but there are still many questions about how feed usage will play out during the second half of the marketing year. Exports and other sources of domestic usage for all three crops also could change a lot, due to weather and world events."
"It's crucial for farmers to develop a battle plan before becoming absorbed in planting, because both corn and soybeans have seasonal trends that make selling now successful for many years to come," says Knorr.
Hear more from Knorr, as well as Bob Burgdorfer at a webinar on April 7, at 7p.m. Central Time. The webinar is 45 minutes, and free for attendees.