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| All this mega bean production and mega US exports figures being spewed from every ag corner leaving US bean demand all but dead until Branalizze prints this irony...US will need to import soybeans if we keep exporting at the rate we're exporting. So, when you sell more than what you predicted his crystal ball points to continued $10 for first half of year.
This chart doesn't appear to show bean exports tapering anytime soon...
https://pbs.twimg.com/media/C0UAvwcUoAAjMkV.png:large
Brandalizze (market analyst) estimates that even with falling prices at the end of year, soy Chicago Stock Exchange should return to the level of $10/bushel pulled by demand. "Even though we're in a record harvest year, the Americans are selling much more than predicted, and this is an important foundation to look at," he says."
Edited by Grain Wizard 12/28/2016 16:29
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Okay, apparently somebody is peddling fake news fiction
