I'm just pushing back because after last year.. Golly HOW did we MISS THAT?!?

I don't understand it either.. but am GUESSING.. that South America.. (talking more about Brazil..) hit it out of the park in 14/15.. and then the Bears ASSUME that they can do THAT.. ALL the time.. (and maybe they can..idk.. but LAST YEAR.. ??)

okay so repeating.. (sigh.. again..)

ANOTHER example is the MARCH towards HUGE WONDERFUL SOUTH AMERICAN Yields.. which ALSO occurred this time last year.. when we LATER find out that they Lost 18 mmt's Year on Year..

( https://www.usda.gov/oce/commodity/wasde/latest.pdf )

page 22

Production from Brazil 85 mmt's in Crop Year 2014/15

Production from Brazil 67 mmt's in Crop Year 2015/16 down 18 mmt's yoy

A YEAR AGO the 12/9/15 WASDE had Brazilian Corn Production estimate was..

( http://usda.mannlib.cornell.edu/usda/waob/wasde//2010s/2015/wasde-12-09-2015.pdf )

Production from Brazil 81.5 mmt's in Crop Year 2015/16 Proj.

That's a 14.5 mmt miss.. or 570 million bushels...

The soybean market sold off today on the expectations of a LARGE South American Crop coming...

???

So how did they do on Soybeans.. 12/9/15 WASDE

Production from Brazil was projected as 100 mmt's

on Last months results.. 

Production from Brazil was 96.5 mmt's.. so better.. but still a 3.5 mmt miss. 

Other than THAT.. I may be blowing it all out of proportion.. ??

but golly Last year PROVES that more to the story than what the WASDE PRINTED at this point..  WHY?!? 

So WHAT GOOD is a WASDE estimate?

Toilet paper.. or legit?