Posted by AG in IN on June 29, 2013 at 08:10:48 from (67.237.28.58):
In Reply to: crop futures today posted by tractormiallis on June 28, 2013 at 19:50:59:
USDA=Pure Government Manipulation.
You can get a feel for what's going to be planted where acreage-wise, but guessing a yield average before most of it's in the ground every year is pure foolishness. Their "in-season" guesses aren't much more reliable.
Throw your USDA surveys and censuses in the circular file. Stop telling them what you're paying for cash rents. Don't let them bully you into filling their BS out. You don't have to give anyone proprietary information pertaining to your business or your business practices, and you can choose to demand reasonable compensation before handing this information over.
All in all, corn locally looks good, beans too, but the beans don't seem to be growing much at all. Most low spots are drowned out and aren't coming back. Corn took a real beating in this week's storms' high winds, but luckily no hail here. There is a snapped off stalk here and there, and some fields have a bit of a lean to the crop that should straighten out if not tortured any further for a while. The wheat is going to be far from bin-busting, and most in the neighborhood looks to be too late in maturing for anything more than a crapshoot at double-cropping beans after the wheat harvest.
Too bad the grain traders don't get in their cars on the weekend and burn half a tank of gasoline. They'd see what some crops look like. Unfortunately for farmers, USDA's virtual reality governs the markets these days. True reality only kicks in when the trucks and wagons start unloading at the elevators in the fall. We saw what true reality did to prices last fall.
AG
This post was edited by AG in IN at 09:06:16 06/29/13 2 times.
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