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South Central Iowa | Thanks
Found another that claims to have the USDA as a client:
https://www.rti.org/impact/usda-trade-impact-model
This is very concerning. Without evidence it appears the USDA may make enormous assumptions that our exports will collapse. Everything Mr Wood states in the above about predicting outcomes is the incorrect manner the NASS et.al should deal with this unfolding event. This is an attempt to create an artificial supply shock based on pure conjecture and opinion. Current loading and sales does not support making major changes at this time and it will take several months to observe the actual impacts; will there be third party sourcing, will SA drastically increase acres, will an agreement be reached, etc.
Hard to say how the trade will react if the WASDE throughout a 1.5 billion bushel bean carryout for 18/19 out of the clear blue sky. If such a number were printed and never came to fruition yet price collapsed in the interceding time; I don't think a greater case could be made for a class-action lawsuit to the tune of $20-$30B against the USDA by producers. They are far out of bounds with this. | |
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USDA to use regression modeling to estimate soybeans exports in Wasde?
