Beans for Thought, from Jeff Watson

2018-03-06 · Jeff Watson
Original source

I was just reminded that the states of Illinois and Iowa each individually grow more soybeans than China does. Illinois and Iowa produce about 15 weeks of China’s demand while China only produces 6-7 weeks of their needs. That’s why looking at the export figures, tenders, etc. in the bean market is so important.

Comments

Kevin Kilgore on March 8, 2018 8:29 pm

So perhaps the looming trade wars courtesy of our President, if you believe all the hyperbole, might mean US soy production could actually be more than just a ‘hill of beans.’