I doubt the USDA is much farther off than that most of the time so why all the fuss?
Do you believe these USDA numbers?
Grain Stocks North Dakota 9/1/18 Corn 61 myn bushels
2018 North Dakota Corn Production 448 myn bushels
Therefore Total Supply = 509 myn bushels
Grain Stocks 12/1/18 North Dakota 333 myn bu
Implied Disappearance ( 509 - 333 = ) 176 myn bushels
...
Grain Stocks 9/1/19 ND 46 myn bu
2019 Current ND Corn Crop size 455 (7 myn bu MORE than 2018)
Therefore Total Supply fall of 2019 = 501 myn bushels (8 myn less)
Grain Stocks 12/1/19 ND 430 myn bushels
Implied Disappearance 71 myn bushels.. 105 myn LESS than 2018 despite a Larger Crop.. ???
...
Grain Stocks 3/1/19 ND 246 myn bushels
Grain Stocks 3/1/20 ND 268 myn bushels
Do you believe that ND has 22 million bushels more Corn now vs a year ago? Despite challenges bringing the crop in.. it is one of the only States to Show a Gain in Stocks Yoy.. Illinois on the other hand showed a 319 myn bu reduction.. and probably had better success harvesting it.
There are similar numbers from other States..
Kansas 2018 Corn Crop 642 myn bushels 3/1/19 Corn Stocks 333 myn bushels
2019 Corn Crop 801 myn bushels 3/1/20 Corn Stocks 359 myn bushels.
In spite of raising 159 Million bushels more.. Implied Disappearance 19/20 vs 18/19 is 135 Million bushels more... ?!?
... after a 24 myn bu gain in stocks yoy.
...
Do you believe these numbers from USDA?
Edited by JonSCKs 4/2/2020 05:53
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