Thanks for the clarification.. still.. We're not at new crop values.. and things will be tightening up quite a bit going forward.
How about terminal stocks?
http://www.ams.usda.gov/mnreports/lswgrstock.pdf
It's a "selected view" but still 18.524 myn bushels of corn this week down 2.696 myn bu for the week.. and down 10.847 myn for the year. With facilities only about 35% full.. including the Gulf.
Kind of looks like "farmer hands" are all that is left...??? |