Posted 7/12/2018 12:23 (#6865525 - in reply to #6865484) Subject: RE: Bullish corn, Bearish beans.
South Central Iowa
Also need to get over this idea that SA has some cost of production advantage over us. It's pretty much a currency depends issue anymore. If they are getting $9 equivalent in Mato Grosso, it's a lot better than $7.50, but it isn't that great. They aren't doing any more expansion than the would otherwise. So China will be eating less pork I suppose. I've been saying all along that's their two options in the near and intermediate terms; buy our beans or eat less pork.
Bullish corn, Bearish beans.
