November position report continues the slow crop receipts story, down 13% versus the same time last year but again receipts for the month were higher than November last year, by about 7.5%
Shipments were up compared to last year, year to date up 7.25% and for the month of November up 16.6% at 238.3m pounds, the 2nd highest November shipments on record.
Rejects continue running significantly higher than for quite some time, currently making up 4.08% of crop receipts. The long term average is around 2% and up until this year had generally been sub-2% in recent years.
USA Report, page-239
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