The ethanol grind and export number are easy to track and they are hard and fast numbers.

So someone can't count?

How do we come in 18 myn bu MORE than last year's stocks number.. which was TIGHT btw.. with 450 myn Bushels LESS demand from ETHANOL ALONE.. 

and come up with..

"a larger crop from last year or feed is not as strong as expected."

as we CLEARLY Could not continue at the usage pace we were on.. because.. we didn't/don't have the stocks which someone Thunked we did...

It must be that Yield was OVERSTATED last year to the tune of around a couple hundred myn bushels.. whatever that is.. or acres or something..

I don't see how they DO NOT CUT last year's Corn yield.. to make it balance...