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| Do you believe the current crash in oil prices are a driving factor on the drop in soybean prices today or do you believe it is related to soybean fundamentals? I.e. 90 million acres, 108 Brazil etc?
Also, what will bring crude back up? Obviously weather isn't goi g to effect crude like it does grain, opec has tried to cut production among member countries but that doesn't appear to be working. I think demand in the u.s. is still just as strong as ever, so what will it take to get crude back up to $50 plus? Another gulf war? It seems Trump is going to revise policies to encourage more u.s. production to try and make the u.s. more energy independent. I think this will only continue to put pressure on oil prices moving forward. | |
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Looking back
