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Buxton ND | Would be very careful buying beans, funds were aggressive sellers on the week selling 26k. The largest week of selling for months. Just as well add corn too this also. Actions since Tuesday are bearish. Wheat's ho-humish but not the best, spring wheat has the best chances for a rally.
Now whether its wet/dry/really dry/super dry in Brazil traders seem content to test contract lows. DOES NOT help with the REAL on a nasty crash and burn lower the last 2 days as the US dollar is steady.
Crude well ITS GOT MY ATTENTION***** Not sure how much of this was month end buying. If you've been selling the last 6 months,,, buying in back today put some major cash into month end January books. Will probably call in the morning and have the tanks filled. Been patience since August,,,if it does go lower it does. | |
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cx beans
