|
South Central Iowa | Corn is running about 16% on stocks use while soybeans are 10%. What's more with soybeans is if you use that seasonally adjusted export number that I mentioned, leaving us at 280 mb carryout, the. You are looking at a 7% or less stocks use.
I agree Deere, neither are wheat. The corn though is heavier, has to compete with wheat in places, and is primarily a domestic product. Soybeans on the other hand is in a better place to begin with, is not as easily substitutable in feed rations, and is a big export product, which leaves open the door for unknown demand. In addition, funds love beans; they have greater daily ranges, higher value, greater worldwide demand, and far less harvest pressure. Soybeans will get more activity than corn, but both will give people a place to get fairly attractive pricing, because both can have their balance sheets altered by a disruption. | |
|
Throwin' Bones! Soy and Corn
