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Contract 2017 Beans?
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Posted 10/26/2016 19:42 (#5601806 - in reply to #5601709)
Subject: RE: Contract 2017 Beans?


Buxton ND
No conspiracy what so ever 1891 I don't get the info from any market guys its just what I've seen since 2012. Like I said above 2012 was HUGE, tons of bean sold to Unknown's. The thought was back then, wow if China is buying this many under Unknown well there be enough to go around for everyone else. Lots of beans sold to UN-known ended up being someone else besides China. Wheat there was a far chunk of wheat sold to Unknown, ended up being Brazil. Here again the commercials have the edge, their selling the grains, writing the contracts they know what country it is right from the start.

On cancellations only thing I've said about this is IF US $$$ breaking higher puts beans sales at risk. I would say more so after the action in the REAL today, that's enough to wave a yellow caution flag to me. Did not see or hear this from anyone its just what my eyes see. You probably will not hear this in farm radio market land.
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