Bullish Agricultural News
The December World Agricultural Supply and Demand (WASDE) report from the USDA just came out this morning. According to the report, "projected U.S. wheat ending stocks for 2007/08 are lowered 32 million bushels this month reflecting higher expected domestic use and exports. At 280 million bushels, this year’s
ending stocks are the lowest in 60 years."
The lowest levels in 60 years? Holy moly!
And it's going to get worse. Globally, stockpiles of wheat are expected to drop to 110.06 million metric tonnes in December from 124.06 million metric tonnes in the year-earlier period.
At the same time, corn stockpiles increased because everyone is growing corn for ethanol, rising to 109.06 million tonnes from 104.98 million tonnes.
But the real shocker is soybeans -- dropping to 47.32 metric tonnes from 62.08 metric tonnes. The people in China are eating us out of house and home!
This is a GREAT time to put money to work in agriculture. Have you checked out my agriculture boom report yet? Check out this performance since September 13 ...
The profit train is leaving the station, but it's not too late to get onboard. If you don't have this report yet, get it now! And if you have it and haven't acted on the recommendations yet, these stocks should have a long way to run.
UPDATE: More from Bloomberg ...
About 280 million bushels of wheat will be in storage at the end of the marketing year, down 10 percent from a November projection and down 39 percent from a year earlier, the USDA said. Exports from the U.S., the world's largest shipper of the grain, will be 1.175 billion bushels, up 2.2 percent from last month's estimate of 1.15 billion bushels, the USDA said.
Still, the USDA tries to temper bullishness ...
Global wheat production in the year ending May 31 is expectedt o be 602.31 million metric tons, compared with 593.66 million tons last year and November's prediction of 603.3 million tons,t he USDA said. Unsold world supplies will total 110.1 milliontons, up from the 109.8 million tons estimated a month ago. Total world use of the grain is expected to be 104.78 million tons compared with the November forecast of 105.75 million.
Good luck with that!
ending stocks are the lowest in 60 years."
The lowest levels in 60 years? Holy moly!
And it's going to get worse. Globally, stockpiles of wheat are expected to drop to 110.06 million metric tonnes in December from 124.06 million metric tonnes in the year-earlier period.
At the same time, corn stockpiles increased because everyone is growing corn for ethanol, rising to 109.06 million tonnes from 104.98 million tonnes.
But the real shocker is soybeans -- dropping to 47.32 metric tonnes from 62.08 metric tonnes. The people in China are eating us out of house and home!
This is a GREAT time to put money to work in agriculture. Have you checked out my agriculture boom report yet? Check out this performance since September 13 ...
The profit train is leaving the station, but it's not too late to get onboard. If you don't have this report yet, get it now! And if you have it and haven't acted on the recommendations yet, these stocks should have a long way to run.
UPDATE: More from Bloomberg ...
About 280 million bushels of wheat will be in storage at the end of the marketing year, down 10 percent from a November projection and down 39 percent from a year earlier, the USDA said. Exports from the U.S., the world's largest shipper of the grain, will be 1.175 billion bushels, up 2.2 percent from last month's estimate of 1.15 billion bushels, the USDA said.
Still, the USDA tries to temper bullishness ...
Global wheat production in the year ending May 31 is expectedt o be 602.31 million metric tons, compared with 593.66 million tons last year and November's prediction of 603.3 million tons,t he USDA said. Unsold world supplies will total 110.1 milliontons, up from the 109.8 million tons estimated a month ago. Total world use of the grain is expected to be 104.78 million tons compared with the November forecast of 105.75 million.
Good luck with that!
Labels: agriculture
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posted by Sean Brodrick @ 8:47 AM
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