| Looking at the yearly Feedgrains tables from USDA and noticed this.. ( https://www.ers.usda.gov/data-products/feed-grains-database/feed-grains-yearbook-tables/#U.S. Supply and Disappearance )
WHY are we getting NEGATIVE residuals in Sorghum here the past couple of years?
"Cattle Fed Sorghum are belching it back out and we're using it for exports..??" well that's kind of what it's saying..
hmmm.. or the quant exports.. Texas 2015 Crop comes in July and August of the 14/15 year.. the 2014 crop.. ?? okay could be that then...??
Anyone else got anything..???
WOW look at the ethanol grind for sorghum.. that 141 is THE RECORD for the Crop last year.. this year's number "ain't too shabby" either.. | Table 5--Sorghum: Supply and disappearance (million bushels) | | | | | | | | | | | | | | | | Mkt year and qtr 1/ | Supply | Disappearance | | | | Domestic use | | | | Beginning stocks | Production | Imports | Total supply 2/ | Food, alcohol, and industrial use | Seed use | Feed and residual use | Total domestic use 2/ | Exports | Total disappearance 2/ | Ending stocks | | 2012/13 | Q1 Sep-Nov | 23 | 248 | 1.09 | 272 | 25 | | 80 | 105 | 27 | 132 | 140 | | Q2 Dec-Feb | 140 | | 0.06 | 140 | 25 | | 4 | 29 | 19 | 48 | 92 | | Q3 Mar-May | 92 | | 5.52 | 97 | 25 | 0.52 | 16 | 42 | 14 | 56 | 41 | | Q4 Jun-Aug | 41 | | 2.91 | 44 | 19 | 0.47 | -7 | 13 | 16 | 29 | 15 | | MY Sep-Aug | 23 | 248 | 9.57 | 280 | 94 | 0.99 | 93 | 189 | 76 | 265 | 15 | | | | | | | | | | | | | | | 2013/14 | Q1 Sep-Nov | 15 | 392 | 0.01 | 407 | 45 | | 98 | 143 | 33 | 176 | 231 | | Q2 Dec-Feb | 231 | | 0.01 | 231 | 10 | | 7 | 17 | 39 | 56 | 176 | | Q3 Mar-May | 176 | | 0.01 | 176 | 11 | 0.53 | 0 | 12 | 71 | 83 | 92 | | Q4 Jun-Aug | 92 | | 0.07 | 92 | 3 | 0.35 | -12 | -9 | 67 | 58 | 34 | | MY Sep-Aug | 15 | 392 | 0.09 | 408 | 69 | 0.88 | 93 | 163 | 211 | 374 | 34 | | | | | | | | | | | | | | | 2014/15 | Q1 Sep-Nov | 34 | 433 | 0.21 | 467 | 11 | | 150 | 161 | 84 | 244 | 223 | | Q2 Dec-Feb | 223 | | 0.12 | 223 | 2 | | 2 | 4 | 99 | 103 | 120 | | Q3 Mar-May | 120 | | 0.00 | 120 | 1 | 0.49 | -15 | -14 | 99 | 86 | 34 | | Q4 Jun-Aug | 34 | | 0.04 | 34 | 1 | 0.55 | -56 | -54 | 70 | 16 | 18 | | MY Sep-Aug | 34 | 433 | 0.38 | 467 | 14 | 1.04 | 82 | 97 | 352 | 449 | 18 | | | | | | | | | | | | | | | 2015/16 | Q1 Sep-Nov | 18 | 597 | 3.60 | 619 | 22 | | 160 | 182 | 114 | 297 | 322 | | Q2 Dec-Feb | 322 | | 0.98 | 323 | 47 | | -11 | 36 | 86 | 122 | 201 | | Q3 Mar-May | 201 | | 0.01 | 201 | 42 | 0.38 | -5 | 37 | 73 | 111 | 90 | | Q4 Jun-Aug | 90 | | 0.01 | 90 | 29 | 0.49 | -40 | -11 | 64 | 54 | 37 | | MY Sep-Aug | 18 | 597 | 4.59 | 620 | 141 | 0.88 | 103 | 245 | 339 | 583 | 37 | | | | | | | | | | | | | | | 2016/17 | MY Sep-Aug | 37 | 462 | 1.00 | 500 | 124 | 0.89 | 90 | 215 | 250 | 465 | 35 | | | | | | | | | | | | | | 1/ September-August. Latest data may be preliminary or projected.
2/ Total may not add due to rounding.
Source: USDA, World Agricultural Outlook Board, World Agricultural Supply and Demand Estimates and supporting materials. | | Date run: 12/12/2016 |
Edited by JonSCKs 1/5/2017 09:26
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Wheat conditions decline.
