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KS and NE in eastern 3rd | Give an explanation as to why they use their survey yield when they have access to the rma insurance yields which are exact reports for nearly every farm?
Edit: I'm not suggesting they are always saying yields are larger than they are but rather giving the data they want to keep volatility out of the markets. Best example I can think of is the 2013 soybean stocks number. $4 basis in September and there were no beans to be found yet we were told there was nearly 200 million bushel somewhere. Why someone wouldn't take a $4 dollar basis a month before harvest is beyond me.
Edited by JUST LEARNING 7/5/2018 11:37
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a bit of data
