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Buxton ND | For nearly 5 months the thyme has been buy oil/sell meal. How much of this rally has simply been unwinding of those spreads ?
Unwinding 5 months of spreads in 6 weeks gonna make things go wild.
Been alot of excitement in meal expecting MORE exports because of Argentina's rains right, where is that export biz ?
Last week meal exports were poor to normal and we're still down 12% y-o- y
Normal and excitement do not seem to match, could it be we just got priced out of the world market ?
Could it be the export biz we did pick up is already priced in ?
I think the mods need to let MarkWright back in to make a post of $1200 meal then its a sell it ASAP | |
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Meal
