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Source: CROPLIFE, 7/19/21
In the last outlook for the North American market in October 2020, the underlying sentiment was one of a rebound from the flood-hit 2019 campaign, even if that rebound was caveated with some caution, writes Bob Fairclough at AgriBusiness Global. That caution revolved mainly around the impending U.S. elections at that time, ongoing concerns with the Chinese/U.S. trade deal, the Market Facilitation Program, and overall COVID-19 fiscal response, likely final net farm income, the full impact of the derecho, and the consistently reduced “ending stocks” of both corn and soybeans...
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