| IN555 - 8/8/2018 21:34
If we knew ending stocks come Jan 10 were going to be 1.3 instead of 1.8 don't you think that would be valuable information an pertinent to price?? And how is that lagging???
And when are you going to know that? USDA never updates and the crop conditions never change after the August report? You need look no further then the seasonal averages tendencies to know that most years the best opportunity are long gone by August, let alone January. If I remember right the yield number increased significantly from August to Jan last year and you know if they print a number that "isnt right", you know that then the conversation will switch to the implied ear weight, or the ears per acre number because "they" are wrong.
Honestly I wonder how you would even make the argument that ending stocks are not lagging. They are finalized in January. That would be quite a year for Monsanto to pull off a variety that would be green and thus make the report nonlagging. Fundamentsls always lag, and are always right in hinddight. Marketing with fundamentals is like marketng via the rear view mirror.....if I had only known.....
Take care |
Ok back to marketing : Andrews
