Hello to All. Exist the following quite interesting News: http://www.agrimoney.com/marketrepo...-data-steers-corn-clear-of-pothole--1648.html . Kind Regards, George Kanellopoulos.
This Hour i wonder something else. The USDA on 05/10/2012 estimate, U.S.A Corn Supply/Demand ( In Million Acres and Bushels ) Planted Acres 11-12: 91.90 Planted Acres 12-13: 95.90 Percentage ( % ) Harvested 11-12: 91.40 Percentage ( % ) Harvested 12-13: 92.90 Harvested Acres 11-12: 84.00 Harvested Acres 12-13: 89.10 Yield 11-12: 147.20 Yield 12-13: 166.00 Beginning Stocks 11-12: 1128 Beginning Stocks 12-13: 851 Production 11-12: 12358 Production 12-13: 14790 Imports 11-12: 20 Imports 12-13:15 Total Supply 11-12: 13506 Total Supply 12-13: 15656 Feed/Residual 11-12: 4550 Feed/Residual 12-13: 5450 Food/Seed 11-12: 1405 Food/Seed 12-13: 1425 Ethanol 11-12: 5000 Ethanol 12-13: 5000 Exports 11-12: 1700 Exports 12-13: 1900 Total Usage 11-12: 12655 Total Usage 12-13: 13775 Ending Stocks 11-12: 851 Ending Stocks 12-13: 1881 Now, if Lanworth's Number of 12-13 U.S.A Corn Production will be 13645 Millions Bushels, then exist significant changes in the USDA 05/10/2012 estimate. USDA believes Production of 12-13: 14790. 14790 - 13645 ( Of Lanworth's ) = 1145 ( 12-13 "Missing" Production ). Based on that Number, in the USDA 05/10/2012 estimate, the Ending Stocks for 12-13 will be, 1881 - 1145 = 736 ! Which is the Opinion for that of the other Forum Members ? Kind Regards, George Kanellopoulos.