Because of the Lateness of getting the crops in at this point.. 19%..and the LACK OF PRICE INCENTIVE.. vs taking Prevented Plantings.. which Corn PP would be better..
I hit the yields harder on soybeans and I assume that some (like me..) will NOT plant soybeans at these prices.. and will switch to other crops.. Sorghum etc.. thus the Yield hit.. Double Crop Soybeans.. usually about 5 8.. to as much as 10 12% will be curtailed as the Wheat crop is LATE.. and if we plant a Double crop at ALL.. Yields will be reduced.
Therefore we actually cut Soybean Carry out in half.
| | | | | | | | | | | | | Soybeans | | 17/18 | | 18/19 | | 19/20 Pro | | 19/20 Rev | | Change | | Change | | | | | | | | | Jon SCKs | | | | | | | | | | | | | | | | | | Planted | | 90.2 | | 89.2 | | 84.6 | | 82 | | -2.6 | | 96.93% | Harvested | | 89.5 | | 88.1 | | 83.8 | | 81.18 | | -2.62 | | 96.87% | | | | | | | | | | | | | | Yield | | 49.3 | | 51.6 | | 49.5 | | 45 | | -4.5 | | 90.91% | | | | | | | | | | | | | | Production | | 4412 | | 4544 | | 4150 | | 3653.1 | | -496.9 | | 88.03% | | | | | | | | | | | | | | Stocks | | 302 | | 438 | | 995 | | 999 | | 4 | | 100.40% | Imports | | 22 | | 17 | | 20 | | 21 | | 1 | | 105.00% | Total Supply | | 4735 | | 4999 | | 5165 | | 4673.1 | | -491.9 | | 90.48% | | | | | | | | | | | | | | Crushing | | 2055 | | 2100 | | 2115 | | 2115 | | 0 | | 100.00% | Exports | | 2129 | | 1775 | | 1950 | | 1950 | | 0 | | 100.00% | Seed | | 104 | | 98 | | 96 | | 91 | | -5 | | 94.79% | Residual | | 9 | | 31 | | 34 | | 32 | | -2 | | 94.12% | | | | | | | | | | | | | | Total Use | | 4297 | | 4004 | | 4195 | | 4188 | | -7 | | 99.83% | | | | | | | | | | | | | | Ending Stocks | | 438 | | 995 | | 970 | | 485.1 | | -484.9 | | 50.01% | | | | | | | | | | | | | | Price | | 9.33 | | 8.55 | | 8.1 | | | | | | |
Edited by JonSCKs 5/22/2019 10:09
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