If it doesn't matter than why the fixation on the US "stocks" to "use" in your charts above?

FACT:  South America is and will have LESS STOCKS this spring than a year ago.

FACT: The missing 17 mmt's of Soybeans NOT exported OUT of the US came from somewhere?

South America?
Chinese Stocks?
Less Chinese demand?

maybe all of the above.. but your US Stocks numbers are just as misleading.. as anything I am "supposedly trying to say."

The market is smoothing out the US supply to the market.. we will export less during the fall.. but more during the spring/summer..  OR China MUST REDUCE usage!!

aka part of why China bought 5 mmt's today.