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Guesses on Report
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Joe R
Posted 6/30/2020 08:53 (#8344916)
Subject: Guesses on Report

Here is what i think could happen....which means nothing, im not that smart. I think the corn planted acres will be higher than the 95.2 that the trade is guessing. Past history suggests that the USDA has never dropped over 1 mil bushel from the March to the June. But, I also think they could possibly throw us a bone on the stocks number. This could be there opportunity to drop 2019 yield....which they know they need to do at some point. I just dont like how they can claim to be so good at estimating a crop outcome that is only half way to the finish, but it takes them 18 months to always reveal the truth on the previous crop. Thats my will probably be the opposite.
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