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South central kansas |
Let’s deal with what we know for certain right now.
We know that since August to November report, ending stocks have increased by 32 million Bu., which is equivalent to approximately 800,000 acres of production, using trend yields.
So that additional “production” from the increase ending stocks from August to November, tends to mitigate a certain amount of acres that may not be planted.
You posted earlier yesterday morning about it being cold and you asked why was it down instead of up.
Well, I have given my interpretation (not complete reasons), as to why new crop HRW hasn’t moved in the direction you thought.
Can the numbers change going forward?, sure, but for right now we are dealing with ending stocks that have increased for the last 3 months.
Edited by zenfarm 11/14/2018 06:21
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Crop Progress.. Ks still "alot" of wheat to go.. too late now for most.
