NASHVILLE, TENN. (RFD NEWS) — Markets are awaiting two closely watched USDA reports scheduled for release later today: the Acreage Report and the Quarterly Grain Stocks Report.
Trader Brian Hoops says the data could have a significant impact on grain markets.
“It could be a major market mover,” Hoops told RFD News. “Quarterly stocks was something that the trade will be watching closely. And if the number is realized that the trade is expecting for corn stocks, that’s the largest corn stocks for June 1 since 1988. And no wonder we’re seeing corn prices slip from spring highs when you have all that inventory laying around. And for soybeans, it would be a six-year high if those numbers are realized.”
Ahead of the releases, Lewis Williamson with HTS Commodities joined us on Tuesday’s Market Day Report to discuss what traders are expecting from the highly anticipated reports and the potential impact on grain markets.
In his interview with RFD News, Williamson outlined the key acreage and grain stocks figures he will be watching and how any surprises could influence price direction.
He also discussed additional market factors shaping the outlook as the growing season progresses, including crop conditions, weather, and broader market sentiment.
USDA will release both the Acreage Report and the Quarterly Grain Stocks Report at noon Eastern. Stay with us on air and online for updates and reactions.
