Cornbelt Marketing market analyst Sam Hudson expects a muted market reaction to Friday’s USDA reports. Hudson thinks traders will look at the numbers, then go right back to trading China demand. “I’m looking for planted acres on winter wheat. This could tell us how many extra acres are available for corn or soybeans come spring,” says Hudson. “Other than that, I think we’re going to just get a reminder of where we stand, which isn’t really bullish.” Yield and production numbers could get the most attention. “Typically when they release this information, there will be computers reading the yield and overall production numbers first. Keep in mind, there’s quarterly stocks. If we don’t see a major surprise in the yield itself, I tend to think that everything else is going to be somewhat neutral for the market.”
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