Isn't corn included as a course grain? If it is then you wouldn't add the drop from corn ending stocks to the drop in course grain stocks. Also I see that the US was the cause of the drop in corn carryover after 2 bad years. If the US adds to the corn ending stocks this year that will change the whole picture. I appreciate you posting the charts and explain everything but I still don't know about there being a pattern to ending stocks declining because of demand. I think it is more because of some bad weather years not only in the US but world wide. |