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| Two way street MO
Soybean yields will be lowered by 1 - 1.5 bpa along with that exports will be lowered also which will push ending stocks to just above 1BB. Maybe as high as 1.05 bb. I think they will leave crush alone on the Feb report and wait until they have a little more info in end of March.
Corn again yields will drop 1.5 to 3 bpa in this case they might even raise exports slightly and take carry out down a couple hundred million bu. maybe even slightly more not to exceed 300MB from today's number but would be enough to put a charge into corn prices. They will leave ethanol numbers alone but in the end they will find a 100 mb cut in ethanol to put back into carryout numbers in the future.
thats a view from the Peanut Gallery
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Will government report raise carry out?
