USDA/Marketing

[malleefarmer]

Seems to me was a bearish report for beans and corn.

Wheat really no suprises either way and basically followed corn and beans down in sympathy and nothing else.

So some time soon wheat will edge higher maybe not rebound as such.

Marketing forums bulletin boards etc etc evrybody bemoans how bad there crops are and usda sees it different alot of farmers get backyarditis and maybe dont see big picture.

Anywany thats my two cents worth.

[Agvocate]

Seems to me was a bearish report for beans and corn.

Wheat really no suprises either way and basically followed corn and beans down in sympathy and nothing else.

So some time soon wheat will edge higher maybe not rebound as such.

Marketing forums bulletin boards etc etc evrybody bemoans how bad there crops are and usda sees it different alot of farmers get backyarditis and maybe dont see big picture.

Anywany thats my two cents worth.

World Wheat numbers seem out to lunch. Australia at 22 million is about 5 mmt higher than private forecasts. Struggle to see 22 with current drought. Think they are high on Canada as well. The wheat concerns aren't over in my opinion and as feed gets harder to come by in both grains and hay which is in short supply it should put a floor under corn as well. Oilseeds do seem a bit sloppy though.

[bucket]

The big question is who benefits from manipulated reports. ?

[woodland]

The big question is who benefits from manipulated reports. ?

Not us😉

[malleefarmer]

spot almost on agvocate 18 to 18.2 million t is current estimate.

big crops get bigger small crops get smaller