We added enough storage last year to hold the entire Soybean carryout.. 23.7 byn bushels total.. probably adding more this year.
http://www.agweb.com/article/jan-12-grain-stocks-on--and-off-farm-grain-storage-capacity-agwebcom-editors/
We haven't even filled storage for a couple of years now here..
It sure seems like the On Farm stocks were high on the last grain stocks report...
http://usda.mannlib.cornell.edu/usda/current/GraiStoc/GraiStoc-03-31-2015.pdf
What if we lose a couple 100 myn bushels on the next report?
There had to be 609.2 myn bushels in ON farm stocks to make the numbers balance with USDA's Production number.. this despite the Quant bushels delivered on last year's crop... I'll bet some of those bushels go.. "poof." just like in Corn last year... |