Posted 11/9/2012 10:20 (#2687596) Subject: If the sky is falling
WASDE numbers certainly don't seem to support. U.S. Soybean projected carryouts, though raised 10m bu, due to 2 bu higher yield, are still the lowest in at least 5 years. World oilseed Stocks are also projected basically flat in 2012-13, even with the projected monster SA crop. World Wheat stocks for 2012-2013-lower. World Corn Stocks for 2012-2013-20mmt lower. Coarse grains for 2012-2013-20mmt lower. World Soybean stocks for 2012-2013 are projected 4MMT higher than 2011-2012, once again on the back of a projected huge SA crop. However, both meal and oil stocks are projected signifigantly lower. We need a good year all around to even come close to catching up to 2010-2011 for 2013-2014.