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TFC Commodity Trading Forum

Re: USDA: America exper biggest disaster/Limitup/A *LINK*

Fear of govt. intervention in the back of everyone's minds. Mandate. If we dont go thru and close over $8 this week, we will when harvest picks up. You can't believe how many farmers havent walk there fields.....fear what they will findout. IF the USDA didnt use 166 yield and started at trend 161, we lose 20% of yield nat. wide thats a 129 yield. Not scarey yet its going to be lower. Yes we will hear the arguement of less harvested acres bring the nat avg. up. OK then take total production numbers and again scary. We havent seen the highs yet this yr. I have targets of 870 and beans u dont even want to hear those numbers. HISTORY time will tell