News & Publications
April 2, 2024 |
Expect increased price volatility in grain markets
Given the uncertainty on weather associated with the spring planting season, the potential for increased price volatility is high following the March 28 USDA Grain Stocks and Prospective Plantings reports. The potential for significant (and unpredictable) price swings historically with those released – and more surprises were seen this year with numbers that were bullish for corn and generally neutral for soybeans.
The Grain Stocks report is only released four times during the year: January, March, June and September. Not only does the March report provide a point of reference to the trade estimates, but it also enables a comparison of usage trends within a crop year.
