1/ "The Export Sales Data Snafu," by @JosephJanzen bit.ly/3QzFP9p
The absence of regular export sales reports raises at least two questions.
First, what is the state of export sales for the old-crop 2021-22 and new-crop 2022-23 marketing years for #corn and #soybeans?
The absence of regular export sales reports raises at least two questions.
First, what is the state of export sales for the old-crop 2021-22 and new-crop 2022-23 marketing years for #corn and #soybeans?
2/ Based on the information we do have, prospects for old-crop US #corn and #soybean exports are mixed bit.ly/3QzFP9p
3/ A second, broader question pertains to the value of having publicly available USDA export sales data for agricultural commodity markets.
Past instances where USDA reports were not released due to federal government shutdowns shed some light on this question.
Past instances where USDA reports were not released due to federal government shutdowns shed some light on this question.
4/ Analysis of those cases suggests options-implied volatility and thus the cost of risk management using options was elevated.
However, those shutdowns affected nearly all USDA data products which would be expected to have a larger effect. bit.ly/3QzFP9p
However, those shutdowns affected nearly all USDA data products which would be expected to have a larger effect. bit.ly/3QzFP9p
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