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Buxton ND | There has been alot of expectations and ALOT of excitement built into beans and MORE so meal because of the wet weather damage in Argentina that bean and MEAL exports would pick up the pace in OLD and new crop. So far NOT THE CASE. If the world end users of meal are so worried about those water damaged beans in Argentina, WHY are they not pounding down the doors of the USA buying ? ? ?
When expectations and excitement do not come in the form OF EXPORT FACTS beans will go lower IMO.
Fair bet your seeing this today as ZSX is just making a new low form this move.
My eyes see quite weak bean trade as I click summit.
We have those that use the words demand demand demand before these word are used again they need to research research research the export FACTS, these fact include looking FORWARD gentlemen.
IMO dis-regard last weeks actions in meal for reasons I stated.
Its a stretch, but if meal makes a KR today bean are done and burnt/crisp. | |
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