“Argentinian production of soybean is to hit a five-year low of 52 million tonnes in the 2017/18 crop year, as yields are expected to fall 13% to 2.9 tonnes/hectare, according to a weekly market note by the Rosario Board of Trade.”
– AgriCENSUS, Jan. 29, 2018
“The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years.”
– CNS Canada, Sept. 12, 2017
The News: Weather outlook could be game-changer for U.S. corn, soy planting.
“The latest outlook from the U.S. government predicts warmer-than-average weather that could have a game-changing impact when the U.S. corn and soybean planting campaign gets underway…”
– Reuters
By Fred Evans – January 17, 2017
How often have we heard “those who don’t learn from history are doomed to repeat it” and “the future is a repetition of the past”? I mention these quotations to highlight the similarities of an event that occurred nearly forty years ago and which now could again be possible.