MARKETS NEWS
USDA Report Review
Darin Newsom DTN Senior Analyst
Tue Aug 12, 2014 03:08 PM CDT

If taken at face value, Tuesday's survey-based round of USDA numbers implied caution on the government's part when it comes to national average yields for both corn and soybeans. Why can't these numbers be taken as real? Because of the survey-based component itself. If I'm a farmer, and an agent calls and asks me what my yield is going to be, what do you think my response is? "My corn is 250 bushels per acres and soybeans are pushing 50 bpa!" No, I think I would take a more conservative approach, knowing full well it will all come out in ...

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