Closing Market Report 1/12/23- USDA Reports Provide Surprises; Grain Market Strength


Thursday saw the release of a ton of data headlined by USDA’s January World Agricultural Supply and Demand Estimates, Quarterly Grain Stocks and Winter Wheat Seedings reports. We also saw the Consumer Price Index, unemployment numbers and weekly export sales all released on the day. Grains had a solid upside move after the USDA reports while livestock finished lower.

Farm and Ranch Director Jesse Allen has our closing report:

Also, more analysis with Kristi Van Ahn-Kjeseth of Van Ahn & Company and Kevin McNew of FBN on today’s Market Talk below: