s/d snapshot

All S/D Tables are updated.


NOTE – we were (I believe) the closest guess on corn so I did not change any of our numbers.

We were 100 mil bu off on beans because USDA revised 2019 end stocks up 100 mil bu by reducing exports 100. This is hard to believe considering we are selling to China. Sales have been off a smidge but shipments and inspection have been right ton pace. However it is consistent with USDA who would not have wanted 2020 end stocks to be below 400. I did change our old crop end stocks to be in line with  USDA but left all our 2020 numbers unchanged and believe we will be close.



Bill Biedermann


815-893-7443 o

815-404-1917 c