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| The carryout is the lowest we've had for soybeans in probably 4 years. The pig herd in China is obviously full go. So........my guess is prices are being held down by China and US trade tensions. There is a lack of supply that will come into play by October 1st. However, if China pulls out than the prices tank again when they should rise. I fully expect the Chinese to pull that move prior to the elction. In other words, be ready to sell old crop the next 2-3 weeks and be ready to contract 60-70%% of new crop prior to the full swing of harvest. | |
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What does it mean with the lack of carry amongst bean contracts?
