Solomon Calculation13 Feb 2007 05:28
Overall, corn’s 2006/07 ending stocks could slip to 881 million bu., down from the current 935 million forecast.
January’s corn number adjustments may not be big, but their likely downward trend should refocus the market’s
real need to ration demand and provide enough additional U.S. acres to try to accommodate ethanol’s surging demand.
In 2007/08, ethanol demand (based on the last five months of new plant startups totaling over 4 billion gallons)
could jump to 3.7 billion bu. Hold old-crop sales at 50%. No 2007/08 sales are recommended at this time.
More info: www.cbot.com