AgTalk Home
AgTalk Home
Search Forums | Classifieds (3) | Skins | Language
You are logged in as a guest. ( logon | register )

Revisiting Soybean Numbers.
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
w1891
Posted 1/13/2019 21:41 (#7243644 - in reply to #7243574)
Subject: RE: Brazil can not supply China's needs. WASDE has you duped.


S Illinois
Look at the carryin from 16/17 and they can definitely do a a sub 20MMT carryout so 21+ is not out of line. The other factor is not only is the ending stocks not timed with the Brazilian growing season, but usage is also. A large chunk of those increased Brazilian exports in 18/19 have already occurred. With record shipments in Oct-Dec that 81MMT will not be reduced 1:1 with decreasing production. The big reduction from smaller production this year will not show up until the 19/20 grain balance sheet especially if the China/US dispute remains. Don’t forget Arg’s 18MMT increase. Pretty easy to pull an extra 3 MMT from there this year.
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)