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A combine being used to harvest the corn in a field at the Hansen Family Farms in 2019 in Baxter, Iowa. Joe Raedle/Getty Images Text size
Recent unseasonably dry weather in South America, and worries that the lack of moisture will continue, could propel soybean prices more than 40% higher in the first quarter of 2021.
“South America is a little too dry and uncomfortably dry,” says Sal Gilbertie, founder and CEO of commodity exchange-traded fund company Teucrium Trading. “We could have a serious lowering of the crop estimates over the next three months.”
Such continuing dryness could cause irreparable damage to this year’s Brazilian soybean crop and send futures prices for the grain as high as $18 a bushel, up from $12.43 recently, according to a recent Teucrium report. Brazil is the largest soybean exporter. That would follow an already spectacular rally, up from $8.22 in March, says M
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By Cathy Hansen, special to Aerotech News
When I look at this picture of my husband Al with General Chuck Yeager, it brings back fond memories of the Edwards Air Show in October 2002.
Al flew his Canadair F-86E out for static display and I flew backseat in a Canadair CT-133 (T-33 Thunderbird) that belongs to Charlie Wallasch. It only takes a couple of minutes to fly from Mojave Airport to Edwards AFB, but the preparation time of getting clearances, etc. takes many hours! The weather really cooperated and it was a wonderful air show.
Al met up with Gen. Chuck Yeager and it was fun to stand back and just watch and listen. They have known each for many years. Yeager once said, “Fame makes you kind of cautious, a bit anxious to guard your privacy.” It was good to see him relax a little while talking over old times with Al.