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.
