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| I believe that you can have a good crop and still would be bullish scenario. With current acreage combined with a yield of 155 - 158 which I think 158 would be trend yields with that level of production you still have a problem meeting current demand. At a 155 yield the corn balance sheet gets awfully tight. At 160 yield it just hardly maintains current carryover. Production needs to maintain trend yields or better to keep a comfortable corn balance sheet. | |
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