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Maize / US Dollar
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Posted 3/6/2015 09:04 (#4435295)
Subject: Maize / US Dollar


Buxton ND
Well it looks like I'll be buying beer next year too.....
$$$ up over a buck very fast this morning as we blow thru the buy stops nearish 97
"Buy stops" are buy orders sitting above the market to limit loss's on short positions, for those that don't know what this means.
In 1 minute we traded .60 higher,,,,,,,,,,,,,,, that's a HUGE move...............
Then settles into a steady to higher price in the 97.50 range....
Next stop $100ish
62% RT is 102ish off a monthly chart.
SO if you wanna know why there's lots of red on the screen,,,this is it*****
As OUR price of beans has been steady the last 6 weeks,,,Brazil's has rallied nearish $5.00 in REALS
DO NOT expect ANY cuts in SA acres this fall (or DD)
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