Slide 23 of 25
Notes:
- The Midwest does not look as good as the United States in total. Stocks here are still well below normal.
- There is still time to catch up. While crop drying could get in the way, production is strong and the new Aux Sable pipeline likely will bringing in some new supply. Furthermore, because supply doesn’t move readily between the Gulf Coast and the Midwest (Mont Belvieu and Conway), further strong exports should not have much adverse affect on the Midwest stocks.
- The Midwest is an area to watch closely.
