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NW Indiana | Not in my opinion. I just am willing to give them a fudge factor that it doesn't seem most are. In all reality if they are within 3-5 bu on corn yield that is impressive. If we were off 300 million on carryout we would never know it unless things got extremely tight and at that time basis would likely do the work. My area is a pretty strong demand base and in 2013 I got $1.50 over to go pick 28% corn, apparently things were short. Point is it seems everyone thinks the usda is trying to nail supply and demand to the nats butt and that is just an unrealistic expectation. Unfortunately for the farmer a 3% difference in supply typically does have a descent impact on the market so maybe that is were the expectations come from. | |
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USDA corn counters are on crack
