It can be called a "conspiracy" or whatever you want, but the fact is being the USDA means never having to admit that you are wrong. they are the referees, they run the time clock, they run the score board. What I mean is they can magically shift acres and bushels to make the books balance AND they can find 400 million bushels if need be...they are never wrong.
Okay this is for Nox talking about USDA`s "bullish report in 2000 and 2004, those years I supose hinting at Bush rigging the elections to caputure that coveted 1% "farm vote" ...whoopty-doo! like if us red-blooded, gun totin`, farm boys would vote for anyone else after...well, 8 years of ....Clinton 🙂
But anyway in 2000 the average corn price was $1.80...whoo-hooo so it rallied a little, it was still it LDP territory for us (Lower Darned Prices) and in 2004 about $2.47ish it was still a good deal for endusers, still hovering at our C.O.P. and the government probably saved some money, not having to dish out so much LDP money. Win Win for everyone and the farmer got shafted as always.
Here`s where I found corn prices for those years http://farmdoc.illinois.edu/manage/uspricehistory/USPrice.asp
