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.
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.
Comment