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Buxton ND | I see spec money "We're Leaving" this has not changed for a month. This did not change on Tuesday the 27th nor did it change yesterday. I see a text book prefect downtrend market to include these 2 days above.
I see and keep seeing more great beans out of Brazil.
I see more pictures of yellow/ing beans.
I see more combines rolling
I see a early crop that's going to hit the ships early and it more volume then ever before.
I see hedge pressure out of Brazil and I do not see this hedge pressure letting up any times some.
What I see, and have been seeing is very favorable conditions in Brazil's main growing area.
IMO those still 102-103 mmt estimates are living in La-La Land.
I see MORE hectares in Brazil, I covered this very in depth at the Nebraska meeting why.
There are some really big numbers floating around on Brazil crops. | |
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Todays action
