|
| Whether this lower production is realized or not, the threat of it certainly explains the recent run up in soybean prices. Keep in mind that Brazil's stocks have got to be low, if not very low and Argentina doesn't have any to spare, rain or no rain.
Remember, last year China imported about 92 MMT. If Brazil is short we might see soybean exports to China continue well beyond the typical March 1st cut off, trade war or not.
Won't that be a nice surprise?
Edited by farmer4321 1/8/2019 22:08
| |
|
I may be eating crow
