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New Mexico | we're seeing a short cottonseed meal crop due to the S drouth.
That shifts more use to bean meal usa.
2nd up is SA weather:
La Nina generally works the first time around there for great crops....but not so great if a 2 year la nina run.
Thinking a bunch of BR will be to wet for timely beans, thus they will shift say 25% of those acres to corn. ( favors extra corn production there this season, and debits the bean crop ).
Assuming china keeps on as the World's largest bean user.
Afore all indicates less total bean supply with with some increased demand due to lack of cottonseed meal usa.
AND, the crowd is all long corn ( for no good reasons either ).
Since they are generally wrong, just fade em.
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What's everybodys feeling on the bean market?
