| Anyone put a pencil to it yet? Here's my first dart board attempt.. throwing.. and... let's take a look.
Carry in of 650'ish.. 98 mln planted x .92 harvested x 140 = 12,622 bil bu crop'ish. 100 imports = 13,372 total supply'ish
Feed useage.. bounces back to...??? 4,350'ish Ethanol.. bounces back to ..??? 4,850'ish rest of FSI.. 1,400'ish Makes total domestic of.. 10,600'ish
Exports bounce back to around 2,000 'ish
takes total demand back to 12,600 'ish
carry out grows by 22 mil bushels.. to 672.
Prices average...??? $7.00'ish.. give or take.
If you add 10 bu per acre you get another 900 mln bushels.. probably chops $1.50 off the $7.00 = $5.50'ish IF the weather REALLY turns.. back to Wonderful.. say 158 bu = 14,245 bil bu crop.. prices probably fall to...???
...??? $4.85'ish to $5.25'ish...???
I'm leaving a lot or "room'ish" in my GUESStimates..."fire away."
It looks like we need more beans than corn...?? also need a wheat crop.
"ja?" |