An extension grain marketing economist says for all the
buildup caused by the government shutdown, the latest USDA supply and demand
numbers landed with a thud.
Ed Usset with the University of Minnesota tells Brownfield the release of two months of information was rather anticlimactic.
“We were all worked up over apparently nothing. The changes in terms of yield, carryout, and production were modest in all corners.”
Despite a lack of bullish news, he points out old and new crop corn and soybean prices are well off contract lows.