Posted 8/28/2013 14:43 (#3294401 - in reply to #3294335) Subject: Re: Same question, two days later. Does this rally have enough ....
You are right alto. but do you lose demand at $4.50 I doubt it we lost demand at prices above $6 maybe a little lower.
Vrbuck a 151 bu yield is only about 5bu less that what the USDA came out with and had a carryover of 1.8 b bushels so 5 x 88m harvested acres is about 450 m bushels which ends up giving you around a 1.3 to 1.4 b bushel carryover. Assuming their demand numbers stay the same and their harvested acres are right which might be a big if.