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| Soybeans had a $6 handle in 2018 and were 1.65 under "here" anyway. They were in that ballpark for some number of years, I'd have to pull out my old settlements to take that trip down memory lane.
If they actually do not buy any for several years I suppose that number is certainly possible especially with higher price of fertilizer guys will be throwing beans in with no fert as a low risk low reward crop instead of burying lots of money in the ground with corn and wheat high risk low reward. | |
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Soybean Carryout Without China