I think we are seeing quite the convergence between beans and corn. Corn demand seems high. But beans on the other hand could be described as limping along. Sales are lukewarm at best. Yes, they are something like 15% higher than last year, but bean products are lagging significantly. Are beans the house of cards that could bring all this down?
Thanks Jim!
Stocks on beans are so low that I think that sales may be close to exceeding what there is to ship.
I know you're right, but I think with beans shipped to be made into meal and oil that nobody needs sets beans up for a rapid adjustment.