| Tara Farms - 1/17/2016 17:59
Ok - now I understand, if they use your production numbers then ending stocks fall.
Those are estimates and they have already dropped 2mmt since the last report. You can add 2mmt to what S. Africa is going to need to import on what they estimate if you have seen the estimates. I suspect Brazil will have some later plantings of Safrina corn due to the later soy plantings in areas. Not sure how much or the end result but timing means a lot. USDA tends to overestimate ending stocks on soybeans and underestimate demand. They do it every year. |