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Corn inspectiions
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Posted 2/22/2021 13:32 (#8851089 - in reply to #8851058)
Subject: RE: Corn inspectiions

Thought so, was just trying to clear up any confusion.

Also need to remember that the weekly inspections reports always lag 4-7% lower than the Census Bureau figures that get used in the WASDE.  We've likely already shipped 40 or maybe 50 million more bushels than the face value printed on the Monday morning report, if you're going to back-figure from the WASDE estimates. 

Edit: the discrepancy may even be a little larger.  For example- last week of reporting for 2018/19 crop showed 1.842B shipped, but the final printed in WASDE was 2.066B.   For 2019/20, the corresponding numbers were 1.640 vs. 1.778.

Edited by Clay SEIA 2/22/2021 13:42
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