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| My longtime friend, statistician among other things, emailed me last night...sez the cotton/soybean price relationship has been achieved to attract soybean acres; he indicates the soybean/corn intercept remains at 3.8 and has not yet been achieved.
In order to achieve that relationship, we are talking some pretty pricey numbers & this is a statistical relationship based upon price alone & cannot take into consideration the other unknown factors in switching acreage. While reasonably accurate in the past, there is a standard deviation of which I do not yet know and a degree of error, so I view this information very cautiously and with some skepticism as we are in a history making scenario ....but he's a Bernard Baruch graduate so what do I know?
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For what it's worth
