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Big carryover in soybeans? Joseph & Pharaoh had a 7 year supply - We have 3 months carry over!
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Buddy Man
Posted 6/11/2019 15:25 (#7553529)
Subject: Big carryover in soybeans? Joseph & Pharaoh had a 7 year supply - We have 3 months carry over!


Dawn, Missouri
Big carryover in soybeans? Joseph & Pharaoh had a 7 year supply - We have 3 months carry over! Today's Supply and Demand projects 4.150 billion bu production on 84.6 million acres with 49.5 bu per acre yield and acreage from March Prospective Planting report. 1,045 bu carryover with 4.150 bu production is 25% carryover. I don't believe the odds based on current conditions we will get the acres or the yield. As soon as the end users realize this we should be heading up? Brazil projected at a record 123 M metric ton and haven't planted a bean for next year yet! Going to be an interesting summer! Last year they projected 122 M ton and came in around 117.

Edited by Buddy Man 6/11/2019 15:27
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