USDA Acreage Shocker

[errolanderson]

https://www.agriculture.com/news/crops/us-corn-acreage-to-drop-to-record-low-usdawasde-says"

USDA corn acreage 91.7 million acres vs average trade estimate of 87 million (bearish) . . . .

USDA soybean acreage 80 million acres vs average trade estimate of 84.6 million (bullish) . . . .

[farming101]

Crop condition and stage? The calendar is flipping to July
2019 top, June 27
2018 bottom, June 24

[LEP]

Crop condition and stage? The calendar is flipping to July
2019 top, June 27
2018 bottom, June 24
[ATTACH]4451[/ATTACH]

Isn't this where the analysts say.. looks like an average crop will be taken off and they will have a burdensome carryout. Until they flip their short to a long position and say.. stocks are short.

[helmach]

these usda lies and bullshit reports just cost farmers alot of money. hopefully the private reports will tell the real truth

[furrowtickler]

these usda lies and bullshit reports just cost farmers alot of money. hopefully the private reports will tell the real truth

The pictures shown before and the one above tell all

[helmach]

The pictures shown before and the one above tell all

too bad the markets dont agree with what's going on in the real world. wheat dropped 21 cents today.

[errolanderson]

Traders, in-particular corn traders were somewhat shocked at these numbers. Some suggest corn acreage is at least 2 million acres too high.

Corn had a heart attack trading range of 42 cents/bu after release of report. Dec corn traded between a high of $4.68 and plunged to a low of $4.26/bu.

A lot of money changed hands today.

[AlbertaFarmer5]

too bad the markets dont agree with what's going on in the real world. wheat dropped 21 cents today.

Feed wheat gained 23 cents at local elevator today. Up 53 cents in 3 days.

[furrowtickler]

Traders, in-particular corn traders were somewhat shocked at these numbers. Some suggest corn acreage is at least 2 million acres too high.

Corn had a heart attack trading range of 42 cents/bu after release of report. Dec corn traded between a high of $4.68 and plunged to a low of $4.26/bu.

A lot of money changed hands today.

35-40 days behind in development.... who cares the numbers 🥴

[Guest]

its all bullshit , just like our trashcan report
they just report whatever the bloodsucking leaches want them too
and no one ever calls them out on it

[beaverdam]

Isn't this where the analysts say.. looks like an average crop will be taken off and they will have a burdensome carryout. Until they flip their short to a long position and say.. stocks are short.

I'm hoping that happened today, and that prices start going up Monday in U.S. markets.

If you were in the market long already, wouldn't you stay long with this news, and if you were getting out of large positions short, they'd have to buy to get out of their position,,,so why the rally down? Those that were in the market already in a short position, just made a bunch more money today, even though the news in the report was stating there will be a startling lower amount grains available(and prices should correspondingly rise). Why weren't the shorts, forced to buy back their positions at a higher price(meaning a loss for them)???

Anyone???

[SASKFARMER]

Magic with numbers. Ah, the shit show the market knows is all just one big game. Follow the money.

[malleefarmer]

I'm hoping that happened today, and that prices start going up Monday in U.S. markets.

If you were in the market long already, wouldn't you stay long with this news, and if you were getting out of large positions short, they'd have to buy to get out of their position,,,so why the rally down? Those that were in the market already in a short position, just made a bunch more money today, even though the news in the report was stating there will be a startling lower amount grains available(and prices should correspondingly rise). Why weren't the shorts, forced to buy back their positions at a higher price(meaning a loss for them)???

Anyone???

resurvey acres oh shit we got it wrong yep there are missing acres Buy signal before adjusted acres come out.

Kinda almost insider trading if they knew they are gonna recount acres sown

[errolanderson]

Every stop in the book was likely triggered after release of USDA whether a buy stop or a sell stop. This triggered the immense volatility.

Saskfarmer is right . . . It’s about following the money or the flow of money. But this triggered losses for both the longs and shorts yesterday. Purchasers of options were safe from getting blown-out of market due due margin calls. This is a warning shot of potential volatility heading into the key July/August weather season. This is just the beginning . . . .

[beaverdam]

Errol, how did those, who held short positions yesterday before the report came out, lose money, when the close was down 19 cents USD?