| Not sure that is an apples to apples comparison. Barge beans at the gulf were bid + 140 to + 160 vs August so approx $ 13.61 Fri pm at the gulf. Ocean freight is a bit higher from Brazil vs the gulf to China so the difference may not be all that much. However, any difference can be significant on a boat load of beans.
Your numbers are probably in the ball park.. All I'm saying is that it's still OLD CROP and We ALREADY OWN the market.. so.. Couple that with the NEED for moisture yet and heat units up north.. The Beanies are not in the bin.. yet.. and in my case.. won't be till November... assuming it doesn't freeze early and kill em...???
$11 is resistance thus far.. so you can still get in.. "Moving on Up!!..." |