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Grains technicals
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Sat
Posted 5/4/2016 07:30 (#5281622 - in reply to #5281528)
Subject: RE: Grains technicals


Buxton ND
1996/2004/2008 were all demand driven markets, first 2 by China 2nd from the E-Boom.
2016 is total different and has been in a supple driven market for quite some time.
One "peak "at the carry over's its very clear its a supply driven market.
Fighting this well know fact will be hazardous to your pocket book.

Huge spikes in volumes (were elevated not huge) with a hard day down are quite bearish. This stands out in ZM - bean meal. ZL - bean oil I would not be caught dead long.

Picked this up this,,, this morning,this in its self tells me its done. CNBC reporting 2 to 3 week OLD NEWS. JUST AS Bloomberg reported the drought news of 2012
http://www.cnbc.com/2016/05/02/reuters-america-floods-wipe-out-15-p...

Larry Ristvedt a very well known farm broadcaster on KFGO out of Fargo ND. God rest is soul. Always said "Once it hits the national media its OVER" He was a local voice of AG as long as I remember, farmers would call and ask him if the top was near ? That was his gauge, he liked his drinks and fun (many times him and Jack Sunday on the air would have me ROTFLMAO) when he was around farmers I doubt ever bought any drinks.

Question do you suppose Bernie will vote Trump ? :o)))))

Edited by Sat 5/4/2016 07:30
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