Posted 5/20/2015 18:17 (#4582193 - in reply to #4582038) Subject: RE: Lines are cool, but market structure rules
BlackCattle - 5/20/2015 15:20
Jpartner, I would like to learn about this market structure you are talking about. Can you recommend a book about it or some other way to get the info?? My email is good
Back in June of 2012 grains were ready to sell off if we could have pulled out of the drought that started in late 2011. We had a great start to a bin buster... Instead we had epic 30 year drought in the spots that count and money flows pushed us up 3 bucks to 849 CZ. Now that in my opinion is a market fundamental. If the weather would have evened out we never could have achieved the new highs.
Opinion!!!!
Edit. And on the cattle deal. I think the highs are in for now as price is creating future supply. I expect record heifer retention. Takes awhile to see the results of that though..
Hi BC, No book. I paid for knowledge. Best thing to do is search thed NAT archives unless you wanto spend some money. Oh...and the hagopian projected the 2012 corn highs a year in advance...glad the fundamentals finally caught up!...Opinion :-) Take Care BC!