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NW Indiana | I love when someone is so one sided they are never willing to tell the whole story. You mention Brazil but what about the rest of SA? Major exporters(Brazil, Arg and Paraguay) soybean production last year 182mmt, this year 192 with another likely cut to Argentina it could end up within 5-7mmt. Corn major exporters (Brazil, Arg, Ukraine, Russia, South Africa) last year production 239mmt this year 226.5 with another likely cut coming ARG but maybe Brazil offsets it. It has to suck sitting in that USDA cubical trying to always come up with a bearish spin for NAT. | |
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