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| 170 x7.8ma = 1.326 bbu.
170 - 16.56 = 153.44 x 7.8 ma = 1.196832 bbu is 129,168,000 bu less.
or 16.56 x7.8 ma = 129 mbu less.
So, 14.5 bbu minus 129 mbu is 14.37 bbu.
Only makes a difference to the farmers of 129 mbu x $3 = $387,000,000.
Mind you, I predicted USA corn crop at 13.34 bbu, so it's getting a little closer, only about a billion bu apart. | |
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