USDA Reports

[hwr247]

this report was spose to be just another one of those ho-hum reports that USDA puts out and the trade went balistic!!!! Just think how nuts it will be when the march planting intentions report comes out.....all the analysts put such emphasis on that report its unbelievable!!!  is the board ot trade that hard up for news!!!

[roarintiger1]

Well, the trade is already expecting huge corn acre intentions of 95 million or more........and trendline yields in this March report..  Not sure it could get any more bearish than that.    One would think that anything less than that would make the market move to the plus side.  We already know that the wheat acres are large (except in Ohio), and cotton acres are going to stay steady.Seems to me that soybean acres will have to be the crop that suffers acreage-wise.  With the short rainfall in SA, could it be time to buy soybeans?

[GoredHusker]

Who told you the January report was supposed to be ho-hum?  We now have six consecutive limit moves from a January report.  The January report has always been one of the most important reports of the year due to the fact that USDA nails down the final yields.  I'd probably put the January report second only to the June 30th acreage report for major reports.

[Mike M2692830]

A close third would be the March planting intentions report. That is where the USDA gets to use all their make-believe numbers when coming up with a potentail carryout number...MikeM