Webcast: Crop storage utilization situation and outlook
The USDA has reported that a huge 2020 grains crop is expected in the US according to the May WASDE report, including the potential for over 18,000 million bushels of corn, over 4,700 million bushels of soybeans and over 3,000 million bushels of wheat expected to be produced. All of this 2020 supply needs to go somewhere, which raises the question on US storage capacity.
On this webcast, Ken Eriksen, Senior Vice President of Client Advisory, Energy, Transportation and Policy, talks through IEG Vantage's latest analysis on the storage utilization situation in the US, in terms of:
- What's expected to happen regarding this year's crops supply?
- Do US commercial and farmer storage facilities have enough capacity for the 2020 crop?
- What is the impact on the US transportation if it does move and feasibility?
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