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USDA's October Crop Reports Provide Few Surprises

October 14 2011, 09:35

FMX | Connect – www.fmxconnect.com - (Reported 10/14/2011)

USDA's October Crop Reports Provide Few Surprises

Source: AgWeb.com

The October crop production and supply and demand reports from the U.S. Department of Agriculture yielded surprisingly few surprises for the grain markets, according to Ohio State University Extension economist Matt Roberts.

"The old saying is that bull markets need to be fed, and there wasn't a lot of food in these reports," said Roberts, an associate professor in the Department of Agricultural, Environmental and Development Economics. "These reports may have created an overall bearish tone while we wait for more yield reports from the field, so we'll probably see weaker markets in the next few weeks." To read full article, click here.

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