|
USA | Ehoff,
Have a hard time seeing how 70% of the SRW wheat acres got planted. IMO around 50% is prolly closer to reality. Have to wait and see come spring, how much of that gets left till harvest. I would guess harvested acres of SRW will be in the 3 to 3.5 million acre range. May take USDA till Jan 2012 to finally admit the truth though, on size of 2010 SRW crop.
IMO there will be a squeze play on SRW supplies at some point before 2011 harvest.
Edited by coup 1/9/2010 10:13
| |
|
Wheat macd
