Brock and Associates market analyst Richard Brock says the supply of soybeans in the U.S. has been the real issue. “This has all been driven, for the most part, by a real shortage of oilseeds going to the diesel market in California. There’s just not enough oil to go around.” Due to tight domestic supplies, there are soybeans coming into the East Coast from Brazil. From a farm management point of view, Brock says farmers need to take advantage of old and new crop prices.
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