FW30 - 8/22/2024 00:32
Crowcrick - 8/21/2024 22:04
Again if you predict 180 and in the end you say 180 but the reality is that it was only 165 you will eventually run out of corn..
This is the lamest of all arguments on NAT.
Corn has not "run out" on a global scale because the market perceives the shortage and prices rise. This reduces corn demand and encourages more corn supply, plus encourages shipping from high supply areas to low supply areas. Basic economics 101....
Running out, or not running out, has absolutely nothing to do with USDA or any of their reports. So the accuracy / inaccuracy of their reports has nothing to do with running out either. Whenever they like, they will revise prior years, maybe many years of data to catch up to the reality the market already knows.
The USDA can put out their next report saying US corn yield is a record 250 bu/acre on every planted acre nationwide. The market will react to the report of course, and then months/years later when it is revised to reality, the market will not even notice the revision. Bureau of Labor Statistics just pulled this same stunt today with jobs report revisions...
None of these agencies are accountable for anything. Just tax dollars in and any garbage they like out!
Illinois yields??
