Documente Academic
Documente Profesional
Documente Cultură
Exports for the 2019 crop year were raised to 15.4 million bales—
from 15 million in June to 15.2 in July and now to 15.4. As of July
30 (with just 1 day remaining in the 2019 crop marketing year),
export shipments were 14.614 million “running bales”. Assuming
these bales weigh a “typical” 495 lbs, this would be equivalent to
15.07 USDA “statistical” 480-lb bales. For shipments to total 15.4
million 480-lb “statistical” bales, a “running bale” must be
averaging 505 lbs. In other words, shipments were not on pace to
meet USDA projections, and certainly not the increase to 15.4,
unless weights were running more than “typical”. So, the increase
to 15.4 may not reflect more shipments, just more lbs shipped.