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Meal and Soybean Picture

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Meal and Soybean Picture

Record meal exports loaded against a reluctant farmer with a record bean crop. When the meal is finally produced, we have disruptions with an over capacity rail system.

Traders expect export sales cancellations but that same story was wrong all summer long for the bean market.

End users have huge basis/price exposure if a bad winter storm comes early or at all before March.

 

 

 

 

 

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