Last week’s corn stocks number from the USDA, the last one from last year’s crop, was much bigger than expected. University of Illinois Ag Economist Darrel Good says the number was a surprise to the trade and was confusing to him.
“Being surprised is not all that unusual,” says Good, “But typically you can go back and reconstruct ‘where did we go wrong in anticipating the stocks number?’ and this time it’s pretty hard to do.”
Take the livestock feeding numbers, which
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