IN555 - 6/21/2018 11:45
With it being the lowest since 2012 where is the rest of the world going to source their corn?
Top 3 other major exporters yoy production estimates
Brazil minus 13.5mmt
Argentina minus 8mmt
South Africa minus 4.5mmt
But yet the US is going to ship 200 million LESS???? And pace of sales is running 39 million ahead already.....
Well I guess having the US carryout below the 1577 estimate this early was just too much for the USDA. This 180 yield talk better come to reality.
Side note I still will say there is a concern if soybeans pull off a big yield as that could add a bunch of cushion. A 4.7 billion type production would be a problem. (My bullish disclaimer)
Just wait until the acreage number comes in below expectations............................... | 
Update on yearly export sales
