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Veteran Advisor

Question for sw

sw,

 

for WASDE to keep bean end stocks @ 130 or higher, based on adding all the export weeks together, I come up with 132 million bushels they will have to come up with. 1647 - 1495 = 152. take off 20 mil = 132.

 

do you know if monthy USDA reports have ever penciled in FEWER exports than are already committed on books?

 

...or have they ever increased size of crop in Feb from final? seems they have quite the figuring job this time.

 

what are your thoughts/experience? -- glad it's warming alittle for ya! thanks.

 

c-x-1

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5 Replies
Honored Advisor

Re: Question for sw

Better sources than me but I'd bet on A production adjustment from last year coupled with an import boost
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Senior Contributor

Re: Question for sw

Don't worry, they will show you the way Monday.
Veteran Advisor

Re: Question for sw

no doubt, Jed...just could surprise more than some may think.....Smiley Wink

 

a production increase from Jan-final to Feb will be very intriguing, indeed..............................

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Honored Advisor

Re: Question for sw

Exports are the hardest one on the report to change.  When it is inspected and loaded it leaves.  And even if it is in one of those "reject" games.  It still goes somewhere else.

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Honored Advisor

Re: Question for sw

That is the key....."It still goes somewhere else".     No one seems to wrap their arms around that fact.

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