Farmers Who Don’t Trust U.S. Data Vow to Hoard Until Prices Rise

[Chris F]

Not just us in our office who are doubting these numbers then!

Redirecting

www-bloomberg-com.cdn.ampproject.org

American farmers in disbelief over the U.S. Department of Agriculture’s relatively lofty projections for crop production are vowing to put off harvest-time sales until prices recover from recent lows.

Corn futures that surged mid-year as record rains interrupted U.S. planting have slumped back to where they started thanks largely to government yield estimates that indicate crops stood up to the weather better than feared. The next batch of USDA numbers will be released Thursday at noon in Washington.

 

[Jo28]

whens the next report out??

 

[MrNoo]

whens the next report out??

Believe it was in the week, not a lot of change.

 

[Brisel]

The USDA don't want shocks in the market. They have a history of breaking bad news slowly.

 

[teslacoils]

No bad news until after Christmas.

 

[ajd132]

Reading a book about food aid and how America basically decides who goes into famin. The USA farm lobby is ridiculously powerful and some of what goes on is quite frightening

 

[Chris F]

The USDA don't want shocks in the market. They have a history of breaking bad news slowly.

That’s a polite way of saying they like to manage markets!

 

[Brisel]

Every player in the game has a vested interest! Politics, logistics and good old fashioned greed.