Death comes to us all. Life's but a walking shadow | Jon, a couple of months ago you put up these numbers illustrating USDA's fade in soybean carryout numbers over the course of last year. I've copied them below.
Aug 430
Sept 475
Nov 450
Jan 410
Mar 385
Apr 370
May 350
Jun 330 15/16
July 255
Aug 240 470
Sept 210 450
Oct 191 425
Dec 191 465 (added the latest WASDE).
It looks like true to form they've bumped the Dec above the Oct similar to last year's Aug's 430 to Sept's 475. Is there any reason to believe that they won't follow a similar trend with the Jan16 WASDE out in a few days? That is given that our export sales are about 2 MMT behind last year but fully accounted for by the expected reduced exports. How have the monthly soybean grind numbers been following USDA's projected increase in grind? |
JonSCKs, A couple of months ago you .....
