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| one thing with these reports, they (NASS USDA) don`t have to be "100% right" to get their desired outcome. the traders/end-users use the bear report as an excuse to pry bushels loose from farmers that it is known cash rent 1st half shortly due, input purchases, "John Deere payments" are due in January . you can be 100% certain that a report is slanted and still lose, because they have the whole rest of the year to shuffle bushels around from feed to less accurate yield reporting to lower ethanol efficiency.
just my opinion it might have been an actually more bearish report had they left bushels and acres the same, because then it would`ve been more believable. or should I say "less unbelievable". | |
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lost credibility in reports
