49.3 F
Thursday, April 25, 2024

Soybean stock-to-use ratio raises eyebrows

One area getting farmers’ attention these days is stocks-to-use ratios, a measure of supply and demand of commodities.

According to Dan Uttech, feed ingredients procurement manager for New Vision Cooperative, the soybean supply shows a carryover from last year of 285 million bushels, a current ratio of 6.4%. That compares to a ratio of 2.6% in 2021. The 2020 ratio was 7.4% with a past historical high of 13.7%.

Uttech added that when the soybean ratio goes below 7.0%, things tend to get interesting in the markets.

For much more on the current grain market situation, see the March 30 Cottonwood County Citizen and Citizen eEdition for much more on this story.

Watch www.windomnews.com for regular weekday updates at 8 a.m./noon/5 p.m., plus BREAKING stories at other times. Follow CoCoCitizen @CitPub on Twitter.

- Advertisment -