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Corn only 4% harvested. Probably less than a byn bushels in store.
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JonSCKs
Posted 9/15/2014 21:58 (#4076614)
Subject: Corn only 4% harvested. Probably less than a byn bushels in store.


Wow I assumed that we would hit 5% harvested today.. It only came in at 4%..  So I updated my burn rate table..  Again we are on pace to burn through about 336 myn bu per week.. and we only took in about a third of that this week.

Given the lateness of the crop.. I assume that we will still have maybe 5% out in the fields by December 1st.. At this pace we'll just barely breech the 10 byn bushel mark for only 2 weeks.

This is pretty raw.. a WAG.. and I probably need to look back and refine it some more but.. I updated it to ACTUAL progress from last year.. before I started this year's version..  We got ANOTHER basis bump today "here" so SOMEONE isn't seeing the bushels that they expected.. and we're 18% done...?!?

http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-09-15-2014.pdf

2014/15USDA91.6         Quarterly   
              PP-0.4791.130.9283.8396171.714395.3 June 1st3854  Stocks12/1313/1414/15
      Add    CumulativeSept 1st9898211108
   Stocks      % HarvestedHarvestedTotalUseStocksDemand Dec 1st8033104529771
    Totalthat weekbushels     Mar 1st54007008 
           ThisWeek    14395.3 1982213  June 1st27643854 
 46  0.00050.0005722201952025      
August 1st47  0.00200.00152220471951852      
 48  0.00400.0022918811951686      
 49  0.00750.00355017362001536  Q 4 useage/wk  
 50  0.01200.00456516012151386  20132014  
 51  0.01800.0068614722251247      
 52  0.02500.00710113482401108  206208  
Sept 1st1 11080.03250.00751081216280936280 26782702  
 2  0.040.00751081044280764560     
 3  0.060.01752521016315701875 Harvested  
 4  0.090.032546811693208491195 prior to    
Oct 1st5  0.130.04576142433010941525 Sept 1st360  
 6  0.230.11440253434021941865     
 7  0.350.121727392134035812205 3rd wk828  
 8  0.480.131871545335051032555     
Nov 1st9  0.620.142015711835067682905     
 10  0.740.121727849536081353265 Q 1  useage/wk  
 11  0.830.091296943136090713625 20142013  
 12  0.890.06864993537095653995     
 13  0.930.045761014137097714365 336331.4  
Dec 1st14 97710.950.022881005837596834740 43654308.2  
 15  0.960.01144982731595125055 30.32%29.93%  
 16  0.970.01144965631093465365     
 17  0.980.01144949025092405615     
Jan 1st18  0.990.01144938420591795820 Total Use til Jan 1st 
 19  1.000.01144932320091236020     
 20     91232008923      
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