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Soybean price guess??
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JUST LEARNING
Posted 1/11/2017 08:01 (#5759832 - in reply to #5759316)
Subject: RE: Last Year Soybean Prices after report.


KS and NE in eastern 3rd
Well they learned that 440 is not much of a cushion when you have the demand we do today. We need to quit looking at the total carryover and look at it with a stock to use ratio. How far will our current carryout hold us if harvest was delayed a month? Some of you have short memories, in 2013 we had 150 bu carryout and a $4 dollar basis in sept. Goes to show how critical that number can be when it gets below 250. Drop the yield by 4 bu and you will see beans in the teens
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