NEWS
Newsom on the Market
Darin Newsom DTN Senior Analyst
Mon Mar 10, 2014 03:05 PM CDT

Shortly after the release of the March USDA Supply and Demand numbers Monday, the May soybean contract found itself trading about 36 cents lower. Staunch supporters of USDA reports took to social media proclaiming this to be unquestionable evidence of the importance of such events, as it tells the market what reality really is. It's a nice argument, don't get me wrong, said with gusto and the requisite fervor. However, I no more believe one proves the other than I do the argument that because we have microwave ovens, a UFO crashed at Area 51.

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