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CENTRAL ILLINIOS | That's a question - how low can USDA go on their number. I see in a post below by Floydboy that some of the trade guesses are as low as 110 m bu.. I wouldn't expect a number below "pipeline" which I thought was around 130. Does anyone know what they use for a pipeline number. I think some are getting overly aggressive with their expectations for lower carryouts coming from the USDA when you know that they can print whatever they want. By the time the marketing year ends aren't the southern states already cutting beans - so it doesn't really matter what they print - the old beans don't have to actually be there and who would know if they are there or not. | |
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Soybean ending stocks - how low can they go
