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Bullish USDA report expected Friday
Most analysts anticipate a bullish USDA crop report Friday.
Naomi Blohm is senior market adviser with Total Farm Marketing.
“Based on what producers have been telling us all along, we still think the yield numbers for corn and soybeans needs to come down a little bit.”
The USDA will release its final corn and soybean yields for 2019, and update demand projections.
“And I think the demand will stay strong. So if we can see a friendly USDA report, and more evidence of China buying along with that trade deal getting signed, the market has some significant upside potential.”
The report will be released Friday at 11 AM Central.
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