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N.W. Ohio | Correct my math, but I calculate 110 MMT as over 4 billion bu.? Seems like US is carrying about 1/4 of the worlds carryout? I guess when I look at those charts what strikes me is the Stock/Use ratio is in uncharted high territory, at least for modern times? So, how can I find this to be anything close to bullish? Please tell me what I'm seeing wrong.
Edited to add: It is likely throwing the perspective off to put a number on world ending stocks since soybeans are pretty much always growing somewhere in the world and being harvested in many different months.
Edited by Just saying 1/31/2019 09:48
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Soybean graphs and some perspective
