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Central Iowa | soybeans ending stocks projected less than previous two years. Demand picking up. SA weather scares, new domestic demand coming on board (or is it?). Locally bean yields were lowest in multiple years and we are in a good soybean area of Iowa (backyarditis). If price doesn't increase, basis will. Price to ending stocks ratios are broken and unknown. We don't know if cheap beans are $12 or $8.
corn and world ending stocks are big weight though.... | |
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I’ll ask again…
