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Market analyst celebrates market’s response to Thursday’s reports

Market analyst celebrates market’s response to Thursday’s reports

The market’s reaction to Thursday’s USDA crop production and stocks report left some analysts scratching their heads.

But for analyst Darin Newsom, it was a cause for celebration.

“It was actually a great day. It was a great reaction to the foolishness of USDA,” Newsom says. “It was actually a lot of fun to watch.”

Newsom, a long-time critic of USDA reports, says the fact that large investment groups are now relying on their own private research, and ignoring USDA data, is a good thing.

Continue reading Market analyst celebrates market’s response to Thursday’s reports at Brownfield Ag News.