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| All i know is 20 firms had their productions estimates and none of them were as high as the USDA, At this stage the does USDA really know more then all the firms? We just went through this last march with the Lost 6 million acres and the usda eneded up 3 months later about spot on with what a lot of firms orginaly projected. But today the numbers are what they are and its been priced into the market. I don't think we have a 12.3 BB crop like some say but it wouldn't surprize me at all to find the USDA corrects the numbers in march to 12.9-13 BB.
I just think we need Alittle more time to truly nail down the 09 production number.
Edited by MRK 1/14/2010 14:25
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USDA Dec 1 STOCKS 10.934 Billion Bushels.
