Brazil's bean offers were at $14.08'ish last Friday.. While most bid's have switched over to the Novies here in the US.. which was trading.. and so far still is below $11.00'ish... OVER $3.00 CHEAPER than Brazil..
I guess that's why Brazil bought another 486 k tonnes reportedly this morning.
Is this the START of our August Rally? Rally caps on... Go Go Go Go...
The US crop is not in the BIN yet.. and we'll need rains to get us there. Yipper dog... good to be the bull! |