We are "on paper" looking for stocks near 2009's Record total of 14,774 myn bushels.. which we had Dec 1st Stocks THAT year of 10,902.

THIS year we are looking at a NEW record total of 14,781 myn bushels.. and yet.. Dec 1st Stocks came in at 10,426!! 

476 MILLION bushels LESS?!?  


See above that Q1 09 F&R of 2,015 is.. again 411 million bushels less..  I would guess that Feed demand was a lot more stable back in 09.. (quant whatever not withstanding..???  Okay that was a pretty late start to harvest..??  still.. Really?!?)


Those are pretty BIG misses..