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Ontario | The problem for Lanworth is they have been somewhat discredited. Lanworth had it right, but USDA b.s.'ed the numbers to crash the price. Now its six months later, and the investors who subscribed and banked on Lanworth to be right in January had it handed to them on the markets. (You don't hear near as much from Lanworth since January.)
All you have to do is look at some posts on ag-talk back in January saying what a load of crap Lanworth was.
If the crops were super accross the US this year USDA would not adjust the numbers either. Besides the fact they will never admit they are wrong! (But they figured they better start now, otherwise the market would be driven through the roof; once the true problems of this years crop are known!)
We weigh every load of corn at our elevator. Last fall, once we took that weight and divided it by 56 lbs, we knew there was a problem. As we ship it out its more like 51, or 52 lbs test weight just as we figured! And it was the same accross a lot of the US.
So of course the feed usage was increased. It takes more grain to put the weight on the animals, and to make the same amount of ethanol.
Which goes back to problem: if there was a late planting and barely a summer last year how could a record yeild be produced?
Lanworth was a lot closer to the mark than USDA wanted.
Isn't funny? Yet when we talk history everyone will say a 13bbu crop was produced in 2009! (Based on what USDA says...)
Perhaps there should be a asterick besides USDA's 2009 corn number? | |
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Lanworth's crop guess might be right after all
