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Large Grain Harvests in 2016 Have Created a Problem of Storage

  

Apr 19, 2017

    

The 2016-2017 U.S. harvest comprising 25.9 billion bushels of wheat, soybeans, corn and other feed grains, following a large 2015-2016 season now exceeds the estimated 24.3 billion bushels of permanent U.S. storage.

High World production has reduced the potential for exports from the U.S. and has depressed international and domestic prices.

  

This situation is exacerbated by China which is liquidating extensive repositories of accumulated grain, stored during recent years.

Projections for the 2016-2017 harvest are incorporated in the April WASDE Report posted on the 12th April Edition of CHICK-CITE and the April 14 Edition of EGG-CITE.

  
  
 








 
 
Copyright 2017 Simon M. Shane