| So we got the acreage.. but not the forecast they were..
https://www.usda.gov/oce/commodity/wasde/wasde0620.pdf
97 planted x .92 = 89.6 x 178.5 = 15,995 in the Last WASDE
Now..
92 intended.. of which 91 got in.. x .92 = 83.72 x say.. 175 = 14,651
"poof"
We just lost 1.3 Billion bushels...
and next year's carryout goes sub 2.5.. maybe 2.25..??
back to where we were at 2,221 carry in for 2019
and the funds are short eh??
lol
come to papa...
Let the Weather markets begin.
Edited by JonSCKs 6/30/2020 12:16
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