[Listen] Gordy USDA Report and Grain Stocks Report
This morning at 11:00 the USDA released one of the biggest reports of the year that has had a history of being a market mover. Today's report was no exception. There were a lot of numbers with the Quarterly Grain Stocks Report and the January Supply Demand Report.
I was out of the office but about 11:15 I pulled the markets up on my cell phone. Both corn and beans were sharply higher! We backed off around mid-day, then moved higher closing not too from the highs of the day! It helped that almost all the traders and analysts were expecting a bearish report. Click on the link about and listen to Gordy talk about the reports and where we closed trading for the day!