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carryover |
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| USDA surprised the market by lowering its exports estimate and raising carryover February 9. Even if you push usage 300 million to 11 billion with all the new ethanol plants and you plant 1 million more acres; all it will take is a 145-bushel yield or 15 bushels off last year's record pace to keep carryover unchanged. yields, production exceeds "optimistic" usage by 200 million to 300 million bushels, and translates into nearly 2 billion bushels of carryover on Sept. |
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