98 - Interpreting the USDA’s August Crop Report - with AFBF Economist John Newton

Friend of show and chief economist for the American Farm Bureau Federation, John Newton joins me to break down this week’s USDA crop report. The immediate result of the report: markets tanked on better production forecasts than the trade anticipated. But are the numbers for real? Mr. Newton and I think not — at least not for the anticipated yields of corn and soybeans. We discuss the report and what it means for the Business of Agriculture.