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Newsom on the Market
Darin Newsom DTN Senior Analyst
Mon Sep 30, 2013 02:21 PM CDT

Conspiracy theorist? I've been called that more times than I can remember in regard to my thoughts on all things USDA. Maybe it's an accurate title. Or maybe I just don't mind questioning the absurd. In that vein, let's talk about the Sept. 30 Quarterly Stocks (and Small Grains Summary) reports.

Going into the reports, I was on record saying that the key would be the soybean stocks number given that USDA had seemingly ignored 15 million bushels of export demand in its September Supply and Demand report. By my calculations, leaving everything else alone, end-of-fourth-quarter stocks should come in ...

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