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upcoming quarterly stocks may hold some market moving nos.
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donmoffat
Posted 9/26/2016 22:35 (#5550943 - in reply to #5550307)
Subject: RE: upcoming quarterly stocks may hold some market moving nos.


Hi Andrea
Yields in Alberta are crazy good for canola hearing upwords of 70 bushels to the acre normal 50 good news is veg oil is the only member of the bean complex that is not dead, unlike the charts showed a couple months ago when the big bear said that oil was dead
the tax on ddg is done at a time when corn is cheap and forces end users to buy local corn
silver lining is they were feeding a 25 prercent protein filler,, now corn and soy, or wheat and soy, will replace ddg,, so all the big bad demand bears,, Chinese end users will use 10 percent more soybeans
lets see 10 percent of 80 million mt that outa cover the 2 bushel per acre increase in crop yield,
beans are a buy 10 and under always will be
took a record yield to get em back to 9.40
Harvest is slow in western Canada need 3 weeks to get it done
Big crop lots of bags around everywere
hold hold hold
all this is and has been in the market for a month
that's why you don't buy corn and sell beans
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