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S Illinois | Actually no they don't. For some reason that line has been engrained in the market analysts heads that they will always cancel especially one analyst that used to post. When one actually looks at the numbers they very rarely cancel more than a boat or two for the entire year. Maybe the actual idea should be they always buy more than we think. But that doesn't sound as scary.
Funny how all winter long we heard well its not shipped yet so they will likely cancel. Don't worry the refrain has already started for next year about lack of sales. The next line we will hear every week starting Sept 1 is how much behind the export shipment pace we are when compared to the previous year. The best thing to do is completely forget about the Monday or Thursday report and just watch the monthly USDA WASDE report. Everything else is just noise. | |
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