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Red River Valley | Are they being used have you look at the amount that china is cancelling and or rolling to new crop??
The cycle is unsastainable if the writer is correct but bubbles go on much longer than it seems possible that's why they become bubbles.
We shall see if they are using " all of the beans" they will us some and most of them but if they roll 70mb to new crop than our carry out goes to 250mb problem solved.
define at what levels we have enough carry out for next year so as the problem is solved. If all of the acres that are Intended for planting get planted and we produce a trend line crop our carry out on corn will move above 1.2 bb add to that if old crop stocks jump as much next month as last and the same in July this year will move to 900 mb carryout and 2011-2012 could go to 1.6 bb.
Bean carry out for 2011- 2012 could end up at 300 mb in a heart beat with the amount of beans SA has produced. world wide beans are already in surplus and if they writer of the article is correct than it about to balloon much higher.
but you to maybe right that we can not solve this problem in our lifetime but last month S&D report started to take a good chunck of the luster off that chant IMHO
Your quote " Demand is Demand it does not matter who buy's and uses it once the check clears" THAT IS THE SAME MANTRA THAT BANKERS WERE CHEARING AT THE TOP OF THE HOUSING BUBBLE.
But everybody is way smarter this time .......................................................... not........................ | |
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Everybody here knows that I don't buy into
