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.”