Posted 3/14/2017 07:32 (#5898233 - in reply to #5897983) Subject: RE:Some points noticed.
Death comes to us all. Life's but a walking shadow
They have the Chinese Yuan going from 6.64 to 7.17 in 2017 to 7.45 in 2018. That makes the dollar 12% stronger, our soybeans 12% less competitive.
They say 92.1 M corn acres, 87.1 M soybean acres. This is at odds with the USDA's 90/90 split. I happen to think the 90/90 split is more likely but I live on the fringe.
FAPRI Baseline
