northern edge of north central Missouri | w1891 - 8/27/2024 10:26
Would guess a 75 cents to a dollar higher. Would need to see demand at the higher price. But you can’t assume that the trade would be trading a 181+ and not catch on prior to the USDA report if it came in that low. That’s where our differences lay(possibly). You seem to want to assume the markets only information is USDA and USDA can then manipulate them. Traders don’t study USDA reports like farmers do despite have as much or more skin in the game when trading.
Edit grammar
Usda wouldnt have ever printed a number that low (nor should they, it is our system) but we agree on the power they hold when they print a surprise. Both ways. Since you seem to be saying traders dont use their number anyway then get rid of their stinking numbers!!
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But Joe said the crop is made
