27.414 MMT exported so far this market year, which is 165% of what we had exported last year at this time, or 10.8 mmt more than last year at this time. China bought 21.4 mmt in 20-21 marketing year. 2.858 billion last year, expecting 3.075 this year. If everything else stays as predicted; and If we get 125% of last year exports (3.572 b bu), ending stocks would be same as last year at 1.532 b bu. or If we get 136% of last year exports(4.104 b bu), ending stocks would be 1.0 b bu 170% of last year exports is unrealistic without something else changing since it would result in 4.859 b bu exports and ending stock of just 0.245 b bu. |