Sep 21, 2018 03:50 PM
The markets seemed a little surprised this week to see headlines touting a large increase in EU imports of US soybeans, and sales of US beans to Argentina. These shouldn’t be a surprise, as they are manifestations of my Balloon Earth concept, first shared with our farmer clients more than a year ago. What is Balloon Earth? It simply says that for commodity supply/demand purposes the Earth is a closed system. Food isn’t exported from the earth, nor is any imported. Where am I going with this?