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S Illinois | Flip side for corn would be, US had subpar crop in summer 2022 as did Brazil in spring-summer 2021. So we had increased US exports/demand last spring summer just as the US had a subpar crop. Short crop long tail? What happens if the US has a normal crop following a normal Brazil corn crop? Is there 14.6 billion by of demand waiting at $5.50-$6. Beans sort of the same thing. Short Brazil crop last year, short Argentina crop this year hence why beans have continued up momentum.
Weather has most definitely changed. Longer term forecasts are stating to show moisture in Jun-Aug timeframe from IA east. | |
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