cx-1 --soybeans

[sw363535]

Looks to me like usda pushed the heavy work down the tracks one more month.  Exports only recognized two week old numbers, leaving 71 million bu. out of the report.

[roarintiger1]

So.......does that 71 million cut USDA's soybean carrryout in half?

[425Cat]

Are they thinking SA crop will bail us out???

[sw363535]

It will have to be recognized somewhere.  And imports from SA is probably reality.  

I will forget to watch for it ------ but won't it be interesting if China rejects a few loads of SA beans and they get diverted to the US??

That is for such a good marketing tool in a system that trades so much on emotion.

 Just the term "reject" is a momentum stopper.  I always get a vision of a young farm boy in a classroom headed out the door with the teachers plate of cookies.  She yells "stop".  He turns and says "your cookies have been rejected".   

She stares blankly for a moment and then thanks him for helping with that problem.

🙂

[c-x-1]

thanks sw!!!

that explains some of the insanity i spose!...so instead of stating US will have a net minus 132 million bushels EXPORTS for the remainder of  the yr they said it will only be (- 61 mil bu.

[sw363535]

just noting that export reports are already at 1581 but Mondays supply report only shows 1510 exports.

I am not sure what the justification is, product delivered only, in transit exports ---- whatever.

The other 71 mb did not get included but will have to be eventually.

Will be interesting if exports keep rolling out.   If they stop to a crawl that 71mb will be added next month with less impact after export reports slow down.

Not a conspiracy theorist ---------- just noting the lack of reconsiliation with weekly export numbers

[c-x-1]

i was downright mis-calculating....adding up the weeks in a notebook -- so my 1647 is off - we're not to that yet.