Sell before the report

[sw363535]

Yes John,  thanks for the post

us production guys cannot ignore the current prices and cannot ignore the ever present risk of a usda report.  Usda data is always lagging reality and begins with the absolute speculation.  

There will be better yields reported as we work into the greener and irrigated acres.  If so usda may never accept how actually bad this crop was.  And if they do recognize the poor crop and end up in the 9 billion bushel or less area, we will have to eventually come to terms with the cost of water reserves used.

We need the dry years to cycle out ASAP.-------world wide.

[425Cat]

Way too much money to leave on the table if wrong!

[GoredHusker]

I've always believed to follow the techinicals heading into a report.  Corn and soybeans have sold off considerably going into this report.  Even if it's bearish, we'll probably get a jump in prices.  If we traded higher heading into the report, one should probably sell going into the report.  I have no idea what the report will say, but considering the trade lately I'd probably want to be long both corn and soys heading into this report.