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2014 Corn burn rate update.
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JonSCKs
Posted 9/10/2014 19:53 (#4067104 - in reply to #4066920)
Subject: Q4 useage for 13/14 was pretty good.


Not sure yet about exports..  USDA at 1,725 has room to come up.

Anywho.. looking at Q4 ethanol grind.. a year ago we did..856.92 k bbls/ day.. or 90.6 myn bushels of corn per week.  

This year we've done.. 938 k bbls/day or.. 99.2 myn bushels.. or 112 myn more bushels just for Q4..  Couple that with the 40 myn bushels less that was harvested pre Sept 1st this year vs last..  

http://talk.newagtalk.com/forums/thread-view.asp?tid=498649&posts=6#M4053720

and you have a 150 myn bushels swing in ending stocks.. which is going to make the Sept 1st number reported at the end of the month pretty interesting..

Currently USDA has it at 1,181 take 150 off.. add back.. 40 on exports that didn't go out.. and your at 1,071

1,071 + 14,076 = 15,147 - 13,850 usage =  1,297 myn carryout a year from now.. with 15/16 corn acres on the decline.

???  "could be wrong.."

 But I was pretty close last year.. at 1,208.. when everyone else was looking to 2,000+

http://talk.newagtalk.com/forums/thread-view.asp?tid=417298&posts=27#M3334404 



Edited by JonSCKs 9/10/2014 19:59
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