|
South Central Iowa | Good point, but I only see that as inhibiting prices if our yield truly is 49.4 bpa. On it's own, the days of supply is not enough to inhibit rising prices.
In the September 2010, we began a rally that would lift soybean prices from $10.00 to a high of $14.55 in February. The world had a 96.7 day supply of soybeans in the September 2010 Wasde. That month alone would see us rise in price from $10.00 to $11.44.
Yield 46 nationally in the US and we will drop next years projection to around 95 days of supply. | |
|
My dark thoughts.
