w1891 - 10/3/2024 09:13

If it’s in big production counties with reports way below average sounding yields for the growing season i will look it up or at least question why so low. If I don’t then any yield reports are basically random info.

Ran into this last year. Someone was reporting that a large county in IL was going to have its worst yield out of the last 10 years. It made little sense for the conditions and wild have been huge for the corn market. In the end it wasn’t as bad as reported and the corn market was weak all year long.

If one wants to trade based on fundamentals then they must know fundamentals. Otherwise we get the “USDA lies” refrain and the process starts all over.