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Updated shipments.........
current | previous | actual | projected | difference | |
year | year | % | % | % | |
shipment | shipment | of previous | of previous | of previous | |
wheat | 580293 | 643396 | 90.19219889 | 75 | 15.19219889 |
corn | 522319 | 557443 | 93.69908672 | 87 | 6.699086723 |
soya | 529027 | 778085 | 67.99090074 | 88 | -20.00909926 |
corn and soya were super bullish........wheat was bearish, however wheat is still ahead of pace..........you can see corn is gaining on last years pace, which means the USDA PROJECTIONS ARE TOOOOOOOOOOO LOWWWWWWWWWW...............G.....where have we heard that.......
soya are starting to close the gap on last year, which again was a fast and furious start..........that gap will continue to close........not sure we export more than last year, YET, YET, YET..........if SA is in bigger trouble than last year and bigger trouble than we think........
WELL, lets just say it was a gamble for the USDA to overstate production and understate demand.........that might backfire........the fuse is lit in my opinion............
EDIT: just listened to closing market comments..........second time in so many days the comment was made that the USDA will likely have to revise export numbers.........HMMMMMMMMM
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Re: Updated shipments.........
I have been doing field work the last couple days on a adjorning farm I purchased. The last time I had done
tillage this late in Dec was back in the 70's I plowed on xmas day. I think the summer that followed was
77, not sure. This is west of Ames Ia.
I have been reading where the ethanoh plants are closing, shutting down for maintance, and so forth. Monday
morning on Ken Roots (spelling) ag show, young Hollinghead was filling in for Ken, and it was reported that the
production of ethanol sat a record in November for the most ehanol produced ever.
Enjoy reading everyones post.