|
Buxton ND | Jon
"We have almost a BILLION bushels of Soybeans Sold that need to get procured.."
These beans "have been" procured,in the futures market............................................................
Once there bought with paper,,,commercials have their ways of prying them out of producers hands.
PLUS producers need money...........................
***************************
DP CONTRACTS, are not,,,REPEAT ARE NOT a pry bar,,,you all ready gave the commercials owner-ship.
***************************
Today's rally points to more China buying IMO.
The rally the last 2 days WAS buying strength by commercials buying those 419k sold to China. Toss in producers STOP selling into a rising market,short covering from those who sold beans 12ish months back taking there profits.
Anyone have a sell order in today at say 9.95ish give to take ? ? ?
One big thing in beans,,,,,,,,,,,,, given last weeks wild trade,,,,,,,,,,,,,,,,,,, fund boys really did not do Jack,OI did not do Jack, UNTIL the last 2 days OI in beans is dropping like a rock,most of which in the X,,,,, most of which is normal this time frame. The Ab-normal part is 16k left X,both longs AND SHORT,but only 4 k places there bets,either long or short in F and ZSX15........... This IS money leaving the bean market,,,,,,,,,,,,,WHY are they NOT placing their bets in the forwards months ????????????????
Here's where this Lutefisk driven brain kicks in..................This is a carbon copy of what happened last year IN CORN..........................Yes I have the numbers to back this up. And corn traded side-ways to lower in the January report,lower enough that it even scared some bushel away from our very own KS Jon. and MANY OTHERS.....................................
That producer panic selling put in last winters low,with front month corn trading 4.06 to 5.20,the 5.20,,,,,,,,did it 3X,,,,,,,can we say 3 quarts of "Crown" rally ! ! ! BEANS out did corn 10.88 to 12.79,,,,,,,,,,,,,,,,those 3 corn quarts were rising 3 bean quarts,toss in a box of carrots for fun and WHAMMY we have bean areas coming out our backsides and prices flushed.............................. AGAIN comparing this to corn of 2013 or if your really curioussssssss 1996/97,,,same manure different different 100 years..........................
| |
|
Big Exports.
