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inventories drop in surplus?
Posted by johnnyd3737
on June 27, 2019, 10:07 am
I've read a number of pieces quoting the USDA 2019-2020 figures where production exceeds consumption by 1.2mm bags, yet inventories fall by 2.8mm bags.
Anyone have an explanation for this seemingly illogical situation? Different crop years? A plug to make the numbers work?
Many thanks and good luck to all.