Posted 6/27/2024 18:17 (#10789704 - in reply to #10789005) Subject: RE: Any accuracy or truth to the news this morning with the flooding?
Assuming the USDA is fairly close with 177 million total acres of corn and soybean production and a 100% total loss of 3 million acres, that's a 1.67% loss of ending stocks. Horrible for those suffering through it, but I wouldn't call it a market mover and certainly not a reason for grocery prices to go up.
AaronSEIA
Any accuracy or truth to the news this morning with the flooding?
