AG POLICY NEWS
Jerry Gulke DTN Columnist
Mon May 5, 2014 07:25 AM CDT

There was an underlying bias of the majority of analysts on the three major ag TV/radio media programs this weekend for grains to be making a seasonal top -- based mostly on looking backward on the big downdraft in grains last week (technical correction). What is being ignored is that 2013/14 ending stocks have been dropping from the 2.2 billion bushels six months ago to perhaps something under 1.2 billion bushels in the May 9 USDA Report.

It is important to understand that each 150 mb less is like reducing a million acres planted for 2014. It also seems many ...

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