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Red River Valley | and the crushers will not crush one old crop bean more than they need to at the inverted cash price old vs new that I know what I don't know is how many they need to get to that point in some areas that point may already be here.
Think about it at this point if you do not have all the meal you need to get to new crop crush you either are a sleep at the wheel, or you are not a very good manager of your operation.
It is no surprise to anybody that has paid half attention to anything that bean and meal would be tight this fall. Logistics alone was going to almost guarantee what beans there is would be out of position from where they needed to be.
So if your one of those end users that did not pay attention to what they were looking at then you might be in a little trouble here but if you can make it 3 more weeks you might be in the drivers seat.
Personally don't know enough about any meal end user to give a guess who has what.
as for the Drop In CIF basis that is the export market and is a direct result of the China problem. IMO
but if the early beans are not forced to China they are going to get freight to the crusher that needs them the most.
and that starts the domino effect on Basis at the crushers | |
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Officially out of beans???
