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| https://www.usda.gov/oce/commodity/wasde/latest.pdf
Scroll to pg 12
Two main factors
carry in to 2017 crop year is 600 million bu larger than it was 2016,
exports projected to be 400 million less than a year ago. Remember a year ago, SA had a poor finish to their crop and we were in position to step in on exports that they didn't have the product to sell. This year they had a much larger crop and are projected to regain a large chunk of that business. | |
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