Posted 1/15/2010 14:33 (#1024021 - in reply to #1023329) Subject: Re: USDA Dec 1 STOCKS 10.934 Billion Bushels.
E.Central MN
I agree except that if we had 20-30% ending stocks the price would be below the cost of production (with no volatility). The market doesn't care what the cost of production is as long as supplies are plentiful.