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| Yes. Asia will pay a small premium for US grain. Ukraine is going to have to cover the EU corn production shortfall. Above 4.50, then you can start dropping US corn exports. Edit to add, as mentioned above, it's not just US stocks that are dropping year over year, but world stocks, which aren't affected by exports, are also dropping year over year. Corn demand is strong.
Edited by moran 8/25/2015 19:56
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