Farmers and agribusiness managers who want to understand the implications of USDA’s Grain Stocks and Prospective Plantings reports, released on March 31, are invited to participate in a free webinar hosted by the Purdue Center for Commercial Agriculture. The webinar, "Implications of the March 31 USDA Reports" will be April 1 from noon to 1:30 p.m. (EDT).
Presenters are Purdue Extension agricultural economists Chris Hurt and Corinne Alexander. Jim Mintert, professor of agricultural economics and assistant director of Purdue Extension, will serve as a moderator.
"The Grain Stocks report will help market participants understand the level of grain use so far this marketing year," Hurt said. The Prospective Plantings report is the first indication of which crops U.S. farmers intend to plant this spring. It provides the first peak into potential grain supplies for 2014 crops.
The webinar will include Hurt and Alexander's outlook for grain prices based on the reports. They also will offer grain-marketing strategies for producers to manage the price risks they will face.
Participants can find more information and register for the webinar on Purdue's Center for Commercial Agriculture website at https://www.agecon.purdue.edu/commercialag/.
The report itself will be available March 31 at noon on USDA's National Agricultural Statistics Service website at http://www.nass.usda.gov.