Analysts: Report Shows The Market Functions Without USDA Data

February 8, 2019 03:51 PM
 
 

The markets absorbed an onslaught of information on Friday when USDA released the delayed January WASDE number, the February WASDE numbers as well as the Crop Production report. Sam Hudson of Cornbelt Marketing and Dan Huber of the Huber Report shared their top takeaways from the reports in this week’s episode of Markets Now. 

“My key takeaway is that the markets can continue to do business without the USDA information I think is something we can garner from this,” Hudson told U.S. Farm Report host Tyne Morgan adding that it will be interesting to see all of the data caught up. “But again, I think it's a testament to the fact that the market is going to do its job in the end anyways.”

Despite the markets lack of USDA data for 35 days during the government shutdown, Huber said this report turned out to be run of the mill.

“It’s back to businesses normal,” he told Morgan. “You know, this was a typical report that gave us a little bit bullish, a little bit bearish and at the end of the day, we don't have much more to work with.”

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Comments

 
Spell Check

Cj
Haverhill, MA
2/9/2019 07:22 AM
 

  You mean life goes on without government?! GASP!

 
 
Whodat
Southern, LA
2/9/2019 08:42 AM
 

  There is a tremendous amount of data in the USDA reports. How you use the data is up to the individual. The important thing to note, these reports are free. If they're ended, is the typical farmer going to pay a private forecaster for the same info? I sure as hell wouldn't.

 
 
KL
Aug, ME
2/9/2019 09:09 AM
 

  LOL! Numerous comments on here complain about input costs. I wonder how they'd feel about paying the premium for a private firm that had the same access to resources the USDA has to compile these reports, reports which most farms need to make intelligent marketing decisions? Good luck with that.

 
 

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