NEIAAG - 6/20/2024 09:48
t rock - 6/20/2024 09:33
Sorry Bro, you have a pollyannish view of USDA and their publishing incomplete or misleading numbers. There are some great people that work there no doubt, but it is a bloated gov institution with many facets, one facet that at times boots it is the stats on forecasting inventories, unlike forecasting yields, inventories exist already and are not speculative in reality. So, if you can't be accurate due to a host of reasons, most of which are outside of the USDA's control, such as farmers lack of responding to survey's... then don't put out incomplete data with known deficientness as fact.
Regardless of their competence or lack their of, my point is and remains whatever they publish was just the event assigned to what price was gonna do anyway.
Take care and good luck.
Market action prior to and upon release of reports destroys your premise.
Good luck and good day.