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Buxton ND | OK did I miss something ?
Have I not been clear enough I'm a bean bear ?
The ONLY thing that will change my mind is major harvest disruptions in Brazil.
WITH China coming back buying bean heavy from the USA
Beans down a dime today does not point to this.......
Its really common to see whatever kind of crop damage on the internet from whatever country.
I guess the way I look at it if Brazil had some major rain/weather troubles why were beans down a dime today ?
Could it be last weeks rally priced in those rains as they happened ? Mr. Market DOES NOT trade last weeks news.
Last week marked 48 weeks of the spec money long being net long beans. A little long to huge net longs early summer to today of being pretty long 160k as of the 7th IDK what the weather will be in Brazil the next 3-4 weeks as my darn crystal ball fell on the John an broke.
Probably the biggest negative with commodity's in general is the DOW pushing 20.5k REALLY hard.
Traders be like hey you see the DOW ? YEP looks like its headed to 22-25K,,, you gonna stick around waiting to see what happens Trump/China/Mexico turmoil ? ? ? | |
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This analyst might be SAT's brother.........
