Every time the USDA issues an important crop report, the Minneapolis Grain Exchange hosts a conference call for reporters with a market commentator. We have been responsible for recording and uploading that call to their server for the past couple of years now.

Today the call focused on the April Supply Demand report and the commentator was Mike Krueger from The Money Farm, who said that normally this month’s reports are normally not that significant since we had the big prospective plantings report out last week.

He said the reports include the “typical monthly revisions of supply and demand” which all came in well below the range of analysts’ estimates for ending stock numbers.

Listen to this morning’s call here and check out the MGEX website for daily commentary.
mgex-4-9-09.mp3