Back To School #48: Wheat Carryout

1 Question  I  By Ed-usset on January 10, 2011
“Back to School with Ed Usset” is a new feature of Corn & Soybean Digest, in cooperation with Ed Usset and the Center for Farm Financial Management.  Ed’s challenging and authentic quiz questions are designed to test your grain marketing knowledge, and will help you learn while having fun!  Ed Usset is the author of “Grain Marketing is Simple, It’s Just Not Easy,” and is a grain marketing specialist at the University of Minnesota.

  

Question Excerpt

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1.  The U.S. ended the 2009/2010 crop year with an ending stocks/use ratio of nearly 50% in wheat - very large. An ending stocks/use ratio is a very popular way of assessing stocks and it measures just what the term implies – it is the amount of grain left over at the end of a crop year, relative to total usage (domestic and export). Prior to 2009, when did U.S. ending stocks/use of wheat last top 50%?
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