Posted 9/15/2014 12:43 (#4075678 - in reply to #4075670) Subject: RE: 2004 vs 2014 chart
Clay SEIA - 9/15/2014 11:40
The chart pattern sure has looked similar all along. Regarding a recovery post-harvest, kind of hard to say yet- but to have carryout % matching the 2004-5 marketing season, we would need ending stocks in the 2.7-2.750 range. Is the crop gonna hit 15 billion? ******
My thoughts too Clay but world stocks are getting a bit bearish, US not so much. Will it effect exports here is the question, so far it has not. So far they have played on the fears of a 170+ crop with a 2B carryout. It doesn't look like much in the big picture with consumption.....
2004 vs 2014 chart
