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New Lower Estimates out on Brazilian Soybean Crop
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IN555
Posted 1/23/2019 09:22 (#7265996 - in reply to #7265953)
Subject: RE: New Lower Estimates out on Brazilian Soybean Crop


NW Indiana
I bet if we could come up with a real end of the year Brazil carryout, a legitimate carryout in Argentina after the drought and the large US carryout, add them together and it isnt much higher than last year. Brazil is likely only to maintain this year. Argentina is likely only going to get back to a real number and the US is likely to stay steady or possibly decline. IMO that is exactly why price is much stronger than most expect.

Edited by IN555 1/23/2019 09:23
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