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NW Indiana | You are correct about it being too high relative to Brazil. So either we would have planted more acres of beans because price was high enough at planting time or we would have priced a fair amount of exports out. First scenario would have resulted in a higher corn price, second a higher bean price. Either way the trade war impacted the market. I don’t see how anyone argues it considering the last 3 weeks. I beat the drum starting 18 months ago about corn exports. The writing was on the wall about inflation as many predicting much lower prices last fall. The usda embarrassed themselves on a major demand miss. The rally was there in the waiting as price had to catch a greater than expected demand. Someone pooped on it. Everything should be pretty obvious to see if you strip politics out of it.
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How much of this soybean rally was from the trade war?
