I'm confused by the reports and even more confused as to where they get any validity - more on that later...
Last winter & early spring, all the 'know-it-alls' could talk about was how much less corn would be planted and all those acres would go to beans. They cited high input costs, low end price & all that as the reason.. So at corn planting time at least in our area corn went in like always, I can't say there is any less acreage than normal or more beans than normal. There was a lot less wheat planted last fall due to weather circumstances and that may have freed up some acres to go to corn.
So how do they put together these reports?? The state FSA & other agencies put together a weekly report and that gets consolidated. The data gathered.. Oh so accurately.. some of it comes from the CED in local county FSA offices GUESSTIMATES acreages/yields/crop conditions based on ??? without ever leaving the office or even making calls to farmers in outlying areas that would have a better idea. I've also answered the phone when USDA calls for their crop surveys... I tell them that hubby is the one who knows but isn't there.. they don't care so much if I know or not, they just want a number to put into the blank. So I guess. These reports are a JOKE... truely.
ETA: Forgot to say that after that very bearish for corn report came out yesterday, the corn market shouldv'e gone down but it closed up yesterday. Overnights were up so the trend for today was expected higher.. it's down 4 right now.
