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<blockquote data-quote="John Slejpner" data-source="post: 6514907" data-attributes="member: 819"><p>Yes but it was overwhelmingly beans that gave up acres. Corn in the ground has ended up within a spit of last years acreage...on USDA figures. </p><p>FSA figures (another gov agency but concerned with crop insurance etc ) possibly indicate a lot more prevent plant than USDA are estimating.</p><p></p><p>Problem is, until Jan when actual production is clarified, the market is trading USDA numbers. Never-mind the obvious inconsistencies such as proportion of good excellent corn being slightly reduced at the same time that total yield estimate is increased. </p><p></p><p>Anyway my guess is between Brexit, too much feed grade wheat here, USDA optimism(??) etc we drift lower into late autumn, when we stand some good chance of a US led fillip depending on their harvest reality. I am defensive / pessimistic by nature / necessity when it comes to grain marketing, so that,s my bias. Not that anyone should be paying any attention to my particular opinion anyway.</p></blockquote><p></p>
[QUOTE="John Slejpner, post: 6514907, member: 819"] Yes but it was overwhelmingly beans that gave up acres. Corn in the ground has ended up within a spit of last years acreage...on USDA figures. FSA figures (another gov agency but concerned with crop insurance etc ) possibly indicate a lot more prevent plant than USDA are estimating. Problem is, until Jan when actual production is clarified, the market is trading USDA numbers. Never-mind the obvious inconsistencies such as proportion of good excellent corn being slightly reduced at the same time that total yield estimate is increased. Anyway my guess is between Brexit, too much feed grade wheat here, USDA optimism(??) etc we drift lower into late autumn, when we stand some good chance of a US led fillip depending on their harvest reality. I am defensive / pessimistic by nature / necessity when it comes to grain marketing, so that,s my bias. Not that anyone should be paying any attention to my particular opinion anyway. [/QUOTE]
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