It's not that I don't understand that corn yields are as low "relatively" as I've seen, it's just that it worries me to see the USDA print such a shocking report. They even dropped the acreage and yields of beans somehow.
Someone once criticized us farmers for not believing these reports when they go our direction. Well ? . . . I'm criticizing this one. It's not that I doubt the numbers (well, maybe the beans), but I'm more used to seeing the reporting ratcheted up or down incrementally. This has a shock factor, I believe, on purpose.
I'm certainly going to take advantage of this gift that should ensue but am fearful of the manipulation the reporting service is capable of. They don't have to manipulate the numbers to manipulate the markets. Timing and presentation can do that all by itself.