05-17-2013 12:29 AM
05-17-2013 10:58 AM
I have been expecting the world production to look like that but did not expect the world consumption(excluding US) to go with it.
Kind of takes away the idea of over production.
05-17-2013 12:38 PM
Assuming the graph is correct then the production trend will catch & pass the consumption trend in the not too distant future. Doesn't bode well for US exports does it. Not to worry - lots of variables.
05-17-2013 12:52 PM - edited 05-17-2013 12:56 PM
if one examines closer,
it appears consumption is beginning to diverge (overtake) from production -- very last few mm of graph.
yep, looked at it again. top line is getting slightly steeper to bottom line of late.........this would concur with news we all hear about expansion of middle class in India/China at a more exponential rate.