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| Ladies & gentlemen. A lot of emotion on this string. I read these comments and I want to sell everything.....but I don't operate from emotion.
At the end of this crop year, assuming the data is near target, which I believe it is (WE HAD A HUGE CROP)- there will remain a 61 day supply of corn vs. 59 days this prev. year and in 2004 we had an 88 day supply. The world market has been burdened with wheat....we may be working our way around that....the next hurdle are the oilseeds.
USDA is not there for the speculator, USDA provides information to assist the producer.......ALL the major grain companies in the world, everyone of them, have their own crop statisticians--without USDA you would be walking into a gunfight with no bullets. The private grain trade would have the bullets.
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Time to do away with the USDA
