AG POLICY NEWS
Newsom on the Market
Darin Newsom DTN Senior Analyst
Fri May 9, 2014 06:18 AM CDT

I always get a little chuckle over the hubbub surrounding the May USDA report, with its "initial" look at new-crop production and supply and demand. In general we seem to have the capacity for short-term memory only, probably a good thing when it comes to the shifting sands of market sentiment, as we block out of our minds the three rounds of new-crop estimates we've already seen.

Early in 2014, USDA blessed us with its baseline numbers, setting the table for economists through the 2023-2024 marketing year. Next came its Outlook Forum in mid- to late-February, generating only slightly less ...

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