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Odds December corn hits $5
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Clay SEIA
Posted 3/30/2024 10:50 (#10686542 - in reply to #10686453)
Subject: RE: Odds December corn hits $5



IALTO - 3/30/2024 09:58 Are you serious? We are possibly staring down a carryout we have not seen since the 80s.


MY 1985-86 ending stocks 4.88 billion, total usage 7.41 billion.    Let's not be quite so dramatic as to say we have anything approaching that, for the people who might be reading this and not know the historical context.....

And the 2004-2005 ending stocks were 2.175, very close to what is projected right now, but with only 11 billion usage.

 



Edited by Clay SEIA 3/30/2024 10:52
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