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| Lets go back to 2019 this time. How many people were saying their corn was short GDUS and wouldnt mature at all. Or any other reason the yield wouldnt be there.
That went on and on all Sept. But in the end how far did numbers come down from what USDA was posting the whole time? This Sept report is setting up like last years Aug report.
Prices higher than what USDA numbers are going to warrant. It didn't matter how bad things were posted on here, they still kept the numbers higher than producers wanted them to. Or maybe higher than they really should. Nothing we can do about that though.
So can you see how people trading the "market" are skeptical of how bad the crop is based on what is posted here. Trading has to go off the balance sheet the USDA is using and does it warrant a higher price or not? | |
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Drought post below
