Farmers Who Don’t Trust U.S. Data Vow to Hoard Until Prices Rise

Sep 12, 2019 at 09:05 AM CST - 1
American farmers in disbelief over the U.S. Department of Agriculture’s relatively lofty projections for crop production are vowing to put off harvest-time sales until prices recover from recent lows. Corn futures that surged mid-year as record rains interrupted U.S. planting have slumped back to where they started thanks largely to government yield estimates that indicate crops stood up to the weather better than feared. The next batch of USDA numbers will be released Thursday at noon in Washington.

Sep 12, 2019 at 09:05 AM CST

- 1

American farmers in disbelief over the U.S. Department of Agriculture’s relatively lofty projections for crop production are vowing to put off harvest-time sales until prices recover from recent lows. Corn futures that surged mid-year as record rains interrupted U.S. planting have slumped back to where they started thanks largely to government yield estimates that indicate crops stood up to the weather better than feared. The next batch of USDA numbers will be released Thursday at noon in Washington.