| Plug in the numbers. We would still have plenty of beans.
Last year: US 58 mmt's of US Soybean exports (2,130 myn bushels) of which more or less (last number I heard) 35.8 mmt's went to china.. (in 2016..) thus 22.2 to others..
S/A will be down about 10..11..12 mmt's this year or more on the WASDE projections.. down about 3..4..5 mmt's vs last year.
58 + 4 = 62 mmt's or 2280'ish myn bushels.. vs the Dec WASDE at 51.71 so 10.29 mmt's could be added.. which would come off the carry out lowering it to around 13.74 mmt's or 500'ish myn bushels.
Where would Soybean prices be today under that scenerio?
we'd probably need to hold more of the expected to shift acres in 2019... New Crop beans over $10 to $12'ish..
???
There's your numbers..
|