March position report showing current supply as 1.35b pounds however that is based on a theoretical reject rate of 2% when the current rate is 4.22% with the forecast carryout being 625m pounds.
If the shipments for the remaining 4 months of the crop year are the same as last year then the carryout will be around 530m pounds, well down on the 800.3m pounds last year.
March position report showing current supply as 1.35b pounds...
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