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Red River Valley | I will agree white that something does not smell right -- not sure I agree what the smell is
let's look at a few facts
SA beans are about .70 cheaper than gulf beans -- Crush margin are negative in China -- New crop beans are over $2.00 cheaper than old crop -- and basis is a on going slow motion train wreck with the processors not very worried about their ability to accumulate beans.
like you said some things don't smell right
at some point the source of that smell will surface | |
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China finally cancelling beans-------SA beans that is
