Tuesday, March 25, 2008

USDA Crop Report Coming Up 3/31

The USDA acreage report will be issued next Monday, March 31st. This will set the tone for trading next week, since it will give traders a very good idea of what to expect from the growing season this year. I expect trading to be extremely volatile that day, with a strong likelihood of lock limit prices being reached. It also tends to mark the point at which weather will play a large role in trading throughout the growing season. I'm looking forward to this with eager anticipation!