cancel
Showing results for 
Search instead for 
Did you mean: 
Honored Advisor

cx-1 --soybeans

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.

0 Kudos
6 Replies
Honored Advisor

Re: cx-1 --soybeans

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

0 Kudos
Advisor

Re: cx-1 --soybeans

Are they thinking SA crop will bail us out???
0 Kudos
Honored Advisor

Re: cx-1 --soybeans

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.

 

Smiley Happy

 

 

0 Kudos
Veteran Advisor

Re: cx-1 --soybeans

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.

0 Kudos
Honored Advisor

Re: cx-1 --soybeans

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

0 Kudos
Veteran Advisor

Re: cx-1 --soybeans

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

0 Kudos