|
South central Minnesota | In 2007 we experienced the largest corn exports ever for this country. As far as soybeans 13 was and 14 expected to be larger yet. Dirt cheap shipping cost just increases our exports, thank you. If we are importing we are experiencing demand aren't we, again a good sign. We are at very low carryout for soybeans and as if by magic we are below 10% carryout on corn, very close to levels we have seen the last 3 years. Yes we are a above a billion but as the years go by a billion isn't as much as it use to be. Another good sign ethanol, largest production week ever from last weeks report and stocks dropping with no imports noted. Was waiting for Jon to say something about it but he has been busy. All this focus on what is expected to be record production might leave some blind to the not too bad of demand level we are seeing. | |
|
Peak Iowa
