Soybean demand needs big crops needs big crops
This is the type of fundamental atmosphere that often gets supply bears in trouble, much like what unfolded in the early part of 2016. If you remember, everyone was bearish on soybeans at the start of 2016, only to watch them rally $3.50.
We’ve long looked at the soybean supply/demand structure on a semi-annual basis. South America now out-produces the United...
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