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| If I were a producer with much risk I would be protecting the next 2 years production no if's, and's, buts about it.
This is the one single most demand destruction event since the 2008 financial crisis for single commodity.
Demand shocks are rare compared to the typical supply shock , but when it happens, they go down just as fast as they go up during a drought.
The thing is instead of falling from 16 dollar beans in 2008, its falling from $10.50 beans
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The road to 6.00 beans
