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Grain traders await fresh news from USDA’s next supply-demand report

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A market analyst says USDA’s January supply and demand report might give corn prices a much-needed boost.

Kristi Van Ahn with Van Ahn and Company tells Brownfield the report’s final U.S. yield and stocks data would be fresh news for the markets, which could be supportive.

“We really want to be marketers of corn around this $4.95 to $5.03 level off the March. If you were to get to $5.10 or $5.20 off of the July contract, those are the targets where we should be marketers.”

Van Ahn says many U.S.

Grain traders await fresh news from USDA’s next supply-demand report