High Interest in January USDA Report

The crop forecasts released Monday are drawing more attention than usual.

Published on: Jan 9, 2009

Ordinarily there is not a lot of interest in the UDSA January supply and demand numbers, but Agricultural Outlook Board Chairman Gerry Bange says this is anything but a normal year.

"I think there is going to be a lot of interest in the balance sheets for the various commodities," Bange says.

On Monday morning the USDA will release the board's new forecasts for supplies, prices, exports and other uses for commodities, which Bange says will be anything but routine calculations this time around.

"We've seen changing petroleum prices, we've seen a weakening economy both U.S. and worldwide," Bange says. "The question is what is the impact on ethanol and biodiesel; of course that will have to be reflected in our January report."

Monday's report may provide some crucial information to producers still deciding which crops and how many acres of them to plant this spring.