Do I think the high water mark has been printed for the Year?
Yes.
Do I think it can fall to the 565 area?
That would be a stretch.. but to assume trend line production ALL the time with NO hiccups.. is just as faulty. We'll find out how much ASF has hurt Chinese demand.. and how much dryness has hurt Brazil and Paraguay...
Do they cancel each other out..??
idk.
Just because the US has been front loaded in the past.. doesn't mean we will be this year. If China keeps the tariffs on past March 1.. TRUMP should HAVE A COW!!
If not.. then he should lose his rural support.. Will he..???
I'd slap tariffs on I phones if I were him.. same as Chinese tariffs on US beans.
The US Will be the cheapest to China PRE Tariffs.. China has drained S/A enough that the rest of the World has/is coming to the US.. still a lot of cards to be played yet.
US Acreage..
Weather..
Trade..
etc.
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