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Dealing With USDA Data Is Not An Option, Successful Marketing Newsletter Says

Corn and wheat charts show the damage from the USDA report.

The fallout from the USDA report on Monday has done some serious chart damage on corn and wheat.

Here’s this week’s Successful Marketing Newsletter.

The big surprise from the USDA in regard to corn acres will continue to be analyzed. The total prevented-plant acres were well above expectations for corn and soybeans. However, those numbers were overshadowed by the results of the acreage resurvey.

One explanation for the discrepancy could be that farmers maximized the number of prevented plant acres for corn in an effort to maximize payout. The market knew this was happening. However, I don’t think anyone was prepared for the actual magnitude.

Here’s this week’s Successful Marketing Newsletter.

The January Final Production report will surely be one for the history books.

The Crop Progress reports continue to show that the U.S. crops are behind pace. As mentioned previously, it is worth noting the difference from this year to last year, not just the five-year average pace.

Yield expectations went up in the report on Monday, yet there are many factors that would suggest that may not have been the right move.

For now, we have to trade the numbers we are given, whether we like them or not.

Here’s this week’s Successful Marketing Newsletter.

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