| I believe the big story coming out of this week's reports will be intended wheat acres.. sure we're gonna find big stocks.. but how much did farmers in HRW Wheat area cut back?
Some of what's planted "ain't look'in so hot.. right now.."
and we got another cold snap coming this weekend.. wonder how that just emerged small wheat is gonna handle that?
say we only harvest.. 38 myn acres x 40 bushel yields.. = 1,520 myn bushel crop vs last years.. 2,310.. down 790 myn bushels..
and carryout of.. 1,143 drops to.. 1,143 + 1,520 crop + 100 imports = 2,763 stocks - 965 domestic - 75 seed - 175 fed (because the ground piles are junk..) and exports actually hold firm as (ought oh) buyers scramble to buy before prices go even higher.. - 1015 = 533 carry out
so we cut ending carryout in half... 1,143 to 533 47% of the year before...
???
I could see that happening... although surely ya'll will plant a few more Spring wheat acres..??? and stocks don't fall that much..???
idk..
Edited by JonSCKs 1/10/2017 08:20
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