The one sure thing about the January USDA reports is that they generated more interest than the market has seen in a long time. However, what USDA didn’t do might be just as important.The 12 January series of USDA reports held a few surprises, and the markets responded accordingly. Bob Kohlmeyer and John Baize covered the numbers in detail yesterday. Following, though, is a take on what USDA didn’t do that might be just as important:
Winter wheat acres, as WPI has written about several times recently, came in at the lowest level in 107 years. What USDA won’t report until the last day of March is how many acres of spring wheat will be planted. Our opinion today is that spring wheat acres will drop at least 500,000 acres from last year and...
Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
