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| 2 factors account for most of usda's 'wrongness' The derecho that no doubt crushed yields where it hit, but how could anyone make an accurate estimate of how many field would not be harvested, and what the salvageable yield would end up being on the acres where harvest was attempted.
And China's buying. An aggressive increase had been estimated, but as time went on, the increase wasn't enough, as the buying continued. China was going to buy a boatload, no matter the price, so thinking that they were handed a deal was short sighted, as buying has continued even at todays prices. | |
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