McLeod County, MN | Sat - 4/23/2014 20:21
Those spreads tanking are telling us 1 of 3 things
1. The crop is bigger then stated.
2. Stocks are larger then stated.
3. OR there's a lot of beans to be imported.
I lean strongly towards imports.
Part of me says beans are very close to being flushed lower.
The other parts says they won't fall out of bed til there in the ground.
The other me says I bet the long fund boys are getting quite nervous................
I follow a couple fella and they think that UNTIL July can close below 14.57 the market has support. If and when it finally breaks below that there is a leg down. Maybe the exports today do just that. Then again, all this negative news out of China is just a bunch of baloney from our farmer-friendly Chinese traders. |
Spreads 101
