#Soybeans continue to flood out of #Brazil at a strong pace - most on their way to #China. March exports hit an all-time high for the month and April is set to follow suit.
Traffic of #soybeans has picked up noticeably over the last week, especially cargoes out of Santos heading to #China. However, the rain delays are apparent in the north because there have been fewer vessels loading and departing over the last few days.
IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE FEDERAL GOVERNMENT, PAID FOR OUT OF THE MASSIVE TARIFF MONEY COMING INTO THE USA!
Gold...
Feb '01: 258
Feb '02: 294
Feb '03: 350
Feb '04: 410
Feb '05: 428
Feb '06: 555
Feb '07: 661
Feb '08: 930
Feb '09: 977
Feb '10: 1122
Feb '11: 1389
Feb '12: 1726
Feb '13: 1605
Feb '14: 1311
Feb '15: 1207
Feb '16: 1227
Feb '17: 1239
Feb '18: 1356
Feb '19: 1345
Feb '20: 1612
Univ. of IL out with updated 2019 crop budgets (https://t.co/aPuS0giW5D). As you'd expect not very pretty. Operator returns ex-land or rent costs est in $137-188/ac range for Central IL #corn & #soybeans. U of I pegs avg cash rent in C IL at $288/ac...you can do the math! #OATT