Market Skeptics: *****USDA Estimates Are Wrong*****:
"The chances of the bumper harvest predicted by the USDA is zero. The US harvest won't be a complete disaster, but they will be down on last year (my guess is lower by 10%)...
***Harvest so far has been about as awful as the new Bob Dylan Christmas album.
Typically USDA's November yield forecasts increase, but this is not a typical year, as freezing weather has dinged yields and caused major crop quality problems..."----------Poorer harvests mean higher grain prices this winter. Prepare accordingly.
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