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Buxton ND | 5 weeks ago y-o-y corn export sales were down 26%
Today its down 18% WE ARE CATCHING UP.
That was spring wheat sold to China and yes that is a little odd. They normally buy out a Argentina or India (hear a couple of rumbles India may import) but they had wet weather troubles kinda like the US soft wheat and ended with quality troubles.
Now here's the icing on the cake for me, I said to a big name in the marketing biz at CC "its wheat that will lead" NOW,,, I got the "this guy is crazy look" I absolutely love getting that look !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It wasn't just him (he's on vacation right now) it was EVERYONE at CC. I did not hear ONE positive view on the wheat market NOT ONE.
Then in NAT i did a "forgotten about market #2 post" no one responded.
Have the wheat bull been beaten to a bloody slow death ? ? ?
Even last weekend when I tossed a colder weather forecast map not much response.
NOW THOSE TEMPS SEEMS TO HAVE GOTTEN COLDER.
I saw ALOT of hard and soft winter on my road trip,,, in the main areas 95% looked like AstroTurf.
You know those years then your crops look TOO GOOD ? ? ?
Like I posted earlier this week " I would not be caught DEAD SHORT WHEAT"
For many years traders have gotten to the point "wheat has 9 lives WHO CARES" it will still yield.
Will this be the year that changes their minds ? ? ? | |
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Export sales - pretty good
