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Soy booked for 2013,

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    #21
    The $8.50/ bu could refer to soybeans. Soybean
    meal is at a lot higher levels than soybean oil and has
    more potential to come down more. Put in your own
    scenario for South America production. Livestock
    number will continue to come down and this will
    impact meal demand in North America. China is the
    reason oilseed complex prices are high - run your
    scenarios on their policy over the next year.

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      #22
      When were you at my place countryguy?

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        #23
        I used to walk fields for CFIA. You were away at a meeting. Had a nice chat with your folks.

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          #24
          SF3
          What variety of beans are you planning?

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            #25
            SF3,

            Try 100ac... I will tell you why.

            2010... had Beautiful waist high 100 ac soy... did everything right... double innoculant phos... light sensitive varieties... too cold in Aug/Sept... NO SEED YEILD. COST $15,000.

            2012... 30bu/ac cause Aug/Sept was warmer and didn't freeze till October.

            Now we have to roast the soy to feed it to anything!

            I would wait till I had a long term weather forcast (saying it was to be hot and no Sept frost) I trusted... till planting soy in central SK/AB on hundreds of acres.

            We need a minimum of $50M of light sensitive/cold tolerance varietial development to get soy crop risk down.

            When Crop Insurance will cover the soy crop... THEN I will start planting field scale.

            Cheers!

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              #26
              Tom risking 32000 is a risk, but after three strong
              years coming off quarters beside me it's time to
              jump in.

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                #27
                Have 'Fun' SF3! Vegus is better at Home!

                All the best!

                Cheers!

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