Posted 9/12/2020 20:14 (#8491803 - in reply to #8491125) Subject: RE: Grain Supply and Demand Charts (1973-2020) - Updated with Sept. 11 WASDE data
Generally, yes, that is true. That is why parity prices are so crazily high compared to actual prices. Parity prices use an index based on the 1910-1914 time period, when yields were a LOT lower.