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South Central Iowa | $8.28 August Soy
$3.37 September Corn (Perhaps Dec, don't value Sept)
That's what I see as a low side. We did factor quite a bit in already. The trade has largely digested a big yield number and reduced exports.
We have some fundamental upside potential, but the trade issue is a cloud. You probably know that already and I'm sure some smartass will reply to me or you with yada yada yada July 6th yada yada yada We planted 95 million acres of soy and China can feed its pork demand with pixie dust yada yada yada. | |
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Chart Guys wow do we sit going into this report
