Posted 7/10/2019 08:53 (#7606673 - in reply to #7606645) Subject: RE: IL yields
West of Lincoln a little bit
Except I've never known WASDE to have such an immediate adjustment so early in the season, without even bigger changes needed later. They aren't going to drop it all the way, it will be measured which means they recognize the significant potential, even likelihood, for much worse simply by adjusting by so much to begin with. That was a VERY telling adjustment in June. I don't think the traders are reading between the lines on that one very well. Traders are good at reading fork lines I suppose, but not so much at the intricacies of what's happening beyond Chicago.