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SE Arkansas | I personally feel that NOV should be trading 40 cents over May. I think the Market is saying that the Chinese were through buying Old Crop and these new tariffs will dampen demand for New Crop Soybeans. There are credible analysts in Brazil that have their crop 3 MMT below USDA and Argentina at least 1 MMT below as well. Given our acreage estimate, the Soybean Surplus going forward will be minimal. Demand seems to be good everywhere and down here in the Delta where we do count in Soybean Production, all the Farmers that I know are going to Mine the Soil this year. Do you see inputs being limited in the Midwest? Disclosure: I’m Long May Corn and Long November Soybeans. | |
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Oh beans!
