Sunday, October 17, 2010
(click on images to enlarge)
This week NASS will release quite a bit of data; http://www.nass.usda.gov/Publications/Reports_By_Date/2010/October_2010.asp
No one should see the data as precise. NASS obtains one set of numbers for milk production and the check-off obtains another. The two agencies then go back and forth to obtain numbers they can agree upon. With Cold Storage, the numbers have always had a tendency to be off. Then of course, corrections are made.
Also this week the Federal Reserve will publish the "Beige Book" on business conditions throughout the country. Agriculture is given some space and it will be interesting see what is said about corn.