EC Nebraska | ohio474 - 1/29/2019 18:16
This has been in the cards for a few years now. There has been a move to weather proof growing the 3 major crops. They just about got it done. Every year there is a little bit more left over. Stock pile is big enough to take a hole year off.
ohio474 - 1/29/2019 18:27
Go look at the numbers. Its cold out side and every one is thinking in the back of there mind about spring planting, and how to grow more. just a few more bushels. final numbers haven't gone backwards for what 4 5 years. Called cheap food policy . thank you USDA.
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These are the numbers from the Dec 18 WASDE https://www.usda.gov/oce/commodity/wasde/latest.pdf
US total use vs. ending stocks 18/19 MY projected.
Wheat, all classes: 2,149 million bushels used vs 974 million bushel carry out. About 5.4 months carryout
Corn: 15 billion bushels used vs 1.8 billion carryout. Not quite 1.5 month carryout
Soybeans: 4,107 million bushels used vs. 955 million bushel carryout. 2.8 month carryout.
We are a long ways off from having a year's extra supply on hand. Thankfully.
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So how do these guys know?
