Posted 3/31/2011 12:17 (#1700848 - in reply to #1700844) Subject: RE: Percent Harvested
You are correct, in a hurry I just used the old standby 92%. If you use 98%, that does take production up to 3.302 billion, which is still below this year usage and would indicate a further reduction in ending stocks. I would fully expect that usage number to come down accordingly so as to not push carryout projections any lower than they are for this year.