-
If we view USDA's quarterly Grain Stocks report as just another Keno game, which is the correct way to think of it, the key number for Corn is the government's September ending stocks figure of 1.922 billion bushels.
-
The same metric can be applied to Soybeans where the September ending stocks estimate came in at 325.2 million bushels.
-
As for all US wheat, based on what I call the Wheat Reality, the key number is actually the revision to the June 1 quarterly stocks figure of 920.1 million bushels.
