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Ending stocks are falling.. as typical.
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JonSCKs
Posted 11/7/2015 08:22 (#4882331 - in reply to #4882292)
Subject: On pace to RUN OUT of Sorghum..


From the WASDE.. ( http://www.usda.gov/oce/commodity/wasde/latest.pdf )

WASDE says.. 7.6 myn acres of Sorghum harvested.. they raised the yield in October to 75..

Let's say they up the crop to 582 + 18 carry in = 600 myn bu supplies.

Here right now.. Sorghum is $.40 under corn.. which is switching Feed and ethanol plants over to grinding sorghum..  Kansas alone has the capacity to grind 500+ myn gallons per year.. ( http://www.neo.ne.gov/statshtml/121.htm )

Sorghum is not going to yield as much as corn.. Say.. they go to 67% sorghum at 5% less yield..

Corn = 504 /2.78 = 181 myn bushels.. x .67 = 121.5 myn bushels of Sorghum in KANSAS ALONE.

Coupled with feed usage of 100 myn bushels.. for the same reasons.. puts domestic usage at 221.5 myn bushels..

So 600 - 220 = 380 left.. and yet we're ahead of LAST YEAR's Exports..

( http://apps.fas.usda.gov/export-sales/sorghums.htm )

1,822.6 k mt's .. 71.7 myn bushels.. vs 1,211 k mt's 47.7 myn bushels this time last year  150% of Last year.. when we did 353 myn bushels total.. and PROJECTED to do 430 this year..

380 left - 430 projected = -50...?!?! 

I yield to the Bears..  

"Here come bad news talking This and That.."

( http://24hoursofhappy.com/ )

"Can't nothing.. bring me down.."

Later.. 

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