Weather, USDA Reports Keep Market On Edge

By Bryce Knorr

Farm Futures

USDA releases two reports in June feed a grain market hungry for news. The first, World Agricultural Supply and Demand out June 10, should be only an appetizer to the main course: quarterly Grain Stocks and Acreage data due June 30.

The government isn’t likely to give anything more than a cursory juggle to Thursday’s forecast of 2020 crop corn and soybean ending stocks. But the numbers released at the end of the month, just as traders peer into the pollination window for corn, are as uncertain as they are crucial in a year of tight stocks.

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