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| Your "what if" outlook is not in the big picture of reality. All the yield reports
continue to point to an increase in yield. On the demand side, it may too early to
pencil an increase to exports. Even if the USDA does, the supply will be great
enough to absorb. Without a crop threat in S America, I believe prices are going
much lower over a long period of time. The pop in prices over the past two weeks
came from a lot of influences that may not be present next week. It was a great
rally for producers to get caught up on sales. I look for a full retest of the lows.
JIM | |
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SOYBEAN DEMAND AND PRODUCTION ESTIMATES
