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