Beans fundamentals

J

J-Law

Can anyone interpert the below news clip pertaining to beans amidst the acreage reports, limit up beans, weaker basis etc....

"June 1 stocks in all positions were reported at a record 1.09
billion bushels, up 10% from June 1, 2006. Indicated disappearance during the
March-May period was 696 million bushels, up 3% from last year. "

Is this noteworthy ??
Any comments ???

http://www.futuresource.com/news/story.jsp?i=i4779878067505201216
 
There is a lot of noise out there ... However from a fundemantal perspective there are two key figures to keep an eye on: ending stock and stocks to usage ratios. They boil down the data to the bottom line: supply and demand.
Ending stocks represents supply left over from last year's stocks.
Stocks to usage is the amount of leftover soybeans vs. a full years worth of demand. Hope this helps!!!
 
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