| ibuyyc - 11/11/2013 16:00
At the end of the day, exports are going to drive our carryout for 13-14, and they look good right now. However if you think that's what's going to get us back in the $5+ range, it's not. The US is not the lowest cost producer of corn or soybeans, Eastern Europe and South America can beat us almost every time. The US is however, the world's preffered place to carry a surplus.
Is this why corn is under COP in Brazil in spots? I don't buy the we need to go lower to compete BS. We go lower the rest under cut us. |