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Markets ‘bracing’ for USDA Outlook Forum

Photo by USDA

Grain markets are bracing for this week’s USDA Agricultural Outlook Forum, according to AgMarket.Net branch manager Jim McCormick.

USDA’s Agricultural Outlook Forum began in 1923 to distribute and interpret national forecasts to farmers in the field. The goal was to provide the information developed through economic forecasting to farmers so they had the tools to read market signals and avoid producing beyond demand. Since then, the Forum has developed into a unique platform where key stakeholders from the agricultural sector in the United States and around the world come together every year to discuss current and emerging topics and trends in the sector.

This year’s Agricultural Outlook Forum takes place virtually February 18th and 19th, and McCormick provides a preview of what some of the expectations are from market analysts.

For more information on the 2021 USDA Agricultural Outlook Forum, visit the U.S. Department of Agriculture’s website.