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South Central Iowa | I think they are trading that now. Under $10.00 picks up support because they bet we don't plant enough. As long as corn stays down, the beans can't run too high because the trade will think we plant too much. They have priced in big SA production. That 104 mmt wasde number for Brazil did nothing to phase buying interest. Ending stocks for 16-17 projection is at 82mmt worldwide. That is a bearish number. But it didn't phase the market. They are trading our acres right now. Bad weather in SA will lift our soybeans, but good weather will not cut into our price. | |
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What acres are currently priced?
