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Crop Progress.. Ks still "alot" of wheat to go.. too late now for most.
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JonSCKs
Posted 11/13/2018 20:03 (#7104176 - in reply to #7103726)
Subject: How is a drop in stocks of 27% Bearish?!?


From your table.. Nov 2018.  Actually ending stocks are Decreasing..

HRW Wheat:

Beginning Stocks  581 myn bushels

Production:   662 myn bu.
Implied Imports:       3 myn bu.

Added supplies:  665 myn bu.

Domestic Usage:  460 myn bu.
Exports:  360 myn bu.

Total Usage:  820 myn bu.

Ending Stocks:  426 myn bu.

Change in Stocks:    -155 myn bu.

155 / 581 = 26.68% decline.

How is this bearish?!?

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