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South central Minnesota | Comparison of supply and demand
09/10 (last record crop)
14.774 total supply, production + carry in and imports
13.066 total usage , domestic and exports
1.708 carryout
13/14 (old crop, August report)
14.781 supply
13.6 usage
1.181 carryout
Also a comparison of usage of the 12 crop to this year
11.108
13.6
Almost a 2.5 billion bushel increase in usage year to year and about 550 million bushel increase since we had a supply that large. All in all, the fact that we took the largest supply on record this year and whittled it down to less then 10% of supply is amazing considering that DEMAND WAS DEAD !
I'll retract my hubris when USDA revises the numbers in January :) or will it be :( ?
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A thought about demand......
