"when you pool the report in a table for finishing out this year and for next year; stocks to use and carryout basically stays flat or goes lower on the US and world stage...........and there were a lot of assumptions in that table.........like a 13.5B corn crop..........wheat production is probably overstated and maybe grossly overstated..........and even with these assumptions we do not build in any cushion............what if these assumptions do not pan out???????
I posted my acres chart here several months ago now............I still think we will struggle to get 166 combined corn and soya number...........I also think that generally speaking there will be little switching of acres due to insurance, PP, inputs, sales, etc.........thus lose in acres due to flooding or drought will just lower total acreage number...........we may struggle to get to 166 thus putting corn acreage in the 90M range and soya 74-75M..............plug those numbers into the USDA's report yesterday and tell me whats bearish about that.........."
And you thought I was crazy earlier this week with my 90M number...............
