|
Buxton ND | OK that's the bullish news, NOT corn and well, wheat's still wheat. This is the numbers you will hear in the farm media. You will hear a number of times today the BULLISH bean exports. These numbers were as of the last Thursday the 28th and hedged (bought) by commercial traders the prior 5 days. Last Thursday and the prior 5 days are PAST TENSE. Our futures market does not trade past tense news, even tho is was just released this morning.
Bean exports as of this morning are 6.5% behind y-o-y we are catching up to the projections. At one point Januaryish we were 26% behind.
Corn 8 % behind
Wheat 13% behind y-o-y
Now this is what you will not hear in the headlines***** Just as you DID NOT hear them last summer*****
These are the new crop beans export sales to date as of this morning.
Someone can check my figures
2016 - 3257 this explain why my local new basis is a word the mods don't like
2015 - 4324 this was more
2014 - 7790
2013 - 8121
2012 - 8951
2011 - 6720.000 mt
--------------
5 year average 2011- 2015 is 7181 and we've only sold 3257 ?
IDK about anyone else but I see China bought (past tense) a pile of bean out of Brazil. This lets them sit back, dragging their feet buying OUR beans, JUST as they did last year.
Traders re-actions this morning ?
Quick lil up @ 7:30
Quick lil up @ 8:30
Then now we're down to pre release price levels.
So think we can say buy the rumor/sell the fact, this is so UN-Godly normal its not even funny guys.
BTW "quick lil" IMVSO and a very headstrong opinion is driven by the HFT.
Now in just a short time beans go red off bullish news, see how this stuff works ? ? ?
| |
|
This Morning's Sales
