garywi - 11/21/2020 09:13 SA thing is temporary drought. If you are very confident that means you have no 2020 or 2021 beans sold. A lot of weather factors hit this market. Dry SA and dry August in US. This market is a gift that we all should truly be grateful for but I don't think this is long term.
Wasn't Brazil's last crop their largest EVER? Isn't the current WASDE the second-highest US soybean yield EVER? Sure would hate to think what this "gift market" would be at if there was an actual production shortfall. |