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Eastern Shore of MD | Looking ahead to 2022 soybean carryout, If we only plant 85 million acres of beans and they yield 50, then carryout for 2022 would be near 0 which can not happen so it appears to me that new crop soybeans are undervalued. When new crop soy price increases it has to pull new crop corn up with it, right?
Maybe both new crops are undervalued.... IDK Just where I am at in my thoughts now.
Edit to add.... I guess carryout will not go to 0, we will just import enough to keep the carryout comfortable, LOL.
Edited by MD GenX 2/9/2021 18:30
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Corn or Beans
