Morning Thoughts – Apr 3
Grains – Just some short stream of consciousness this morning: Friday’s report numbers were obviously bearish. For soybeans, it is likely o/c residual use needs to be revised down a bit, but WASDE might not feel the need to do that yet. For their n/c balance...Morning Thoughts – Mar 29
Grains – A few quick thoughts on winter wheat area for Friday’s report. As shown in the breakdown below, there is a tendency for NASS to find a few more winter wheat acres for the March report than they originally estimate in Jan. The usual difference is not...
Morning Thoughts – Mar 28
Grains – This morning we’re looking at some of the acreage numbers ahead of the report on Friday. For reference, here is a quick breakdown of the average guesses: Today we’re simply looking at whether there is any tendency of the average guesses vs. the actual...