Correct..

first off repeating...

So how did they do on Soybeans.. 12/9/15 WASDE

Production from Brazil was projected as 100 mmt's

on Last months results.. 

Production from Brazil was 96.5 mmt's.. so better.. but still a 3.5 mmt miss.  

So I agree that it's more about corn.. afterall the majority of the Safrina corn crop is south of Matto Grosso in Southern Brazil.. and northern Argentina.. where.. it.. is.. raining.

"whoopsie."

Now as US Corn prices respond.. what will US Soybean growers do?

cut beans more cotton..
cut beans more Spring Wheat
cut beans more Corn..

and this BS Huge surge of 2017 Soybean acres goes "poof."  UNLESS.. enough guys are convinced that they would rather try their luck with beaners vs Corn in a possible 2012 type drought..

NOT SAYING it's gonna happen just.. 10 years.. 6 good.. 3 bad.. i eh..

2010 good
2011 bad
2012 bad
2013 good
2014 good
2015 good
2016 good

so so far we've seen 2 of the 3 bad and 5 of the 6 good.. what comes for..

2017
2018
2019

cause one of em is gonna get the BAD one...  which one?

from a PURELY STATISTICAL perspective..

"later."