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| Get ready for it, starting tomorrow there is going to be a flood of data to digest.
Previously, more than one contributor has alluded to the time when the government shutdown will end and the reports that normally come out at intervals will it the system. More than one contributor has wondered aloud if the current price of soybeans doesn't include all those "unknowns". There is no reason not to assume it. After all, that is the function of the "futures" market, isn't it. It certainly is when a dry spell hits the Midwest in summer or South America at the moment.
Take for instance, export sales, last reported Dec. 21. Normally, individual export sales of over 100,000 tons are reported the next day as are multiple export sales of 200,000 in a week. We haven't received those reports for more than a month. It is very possible that tomorrow 6 weeks worth of notices will come streaming out, There's no reason why they shouldn't, it doesn't take a clerk that long to post them to the website. Of course, we already know some of those to China, but only in rough amounts by rumor but not all those to other buyers like Europe, Japan, Korea, etc. On the other hand, what if there weren't that many?
And if the 2013 shutdown is any indication, we'll see all the exports sales in detail on Thursday. The 2013 data still shows up as one big spike. It never has been properly allocated to the two previous weeks.
And then there is the weekly Grain Transportation report. The last one was released on Dec 20.
And then there is the monthly WASDE that was due on Jan. 11, do they postpone it or publish it late. If they wait, there is the possibility that two months worth of changes would come out on Feb 8.
And the grain crushings & oil seed crushings reports due early in January & again Feb 3, what about them?
No doubt about it, going to have lots to talk about.
Edited by farmer4321 1/28/2019 07:42
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