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Newsom on the Market
Darin Newsom DTN Senior Analyst
Fri May 17, 2013 07:02 PM CDT

Last Friday morning in this column, I used the melancholy Eagles' song "Tequila Sunrise" to illustrate grains as they headed into what was expected to be another bearish round of USDA numbers. Despite market signals to the contrary, there was no escaping the fact that USDA was going to be bearish, almost had to be bearish, in order to keep some semblance of sense with previous report numbers. I concluded last week's early morning piece with one of my favorite song lyric lines, "It's another tequila sunrise, and this old world still looks the same, another frame."

This Friday, though, ...

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