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| How many bushels does the US farmer have left? 3 billion bushels got either exported,sold or crushed so 66 percent of the crop has bean sold, leaving 1.5 billion bushels so what does the US farmer have maybe 750 million bushels left?? Exports will drop of but not to zero by my math we need to sell another 200,000 Mt per week to meet usda export guess,
I don't think Brazil can physically ship enough to drop the numbers out of the US low enough to not cut into the carryover
Won't be any major swing in acres
March is an up month for protein, buy meal Mar I too lazy to look but 40 years in the cash business March moving higher is 35 out of 40 years at least
And yes it's Demand that we have spent basically this whole crop year and 66 percent of bean sales with a board above 10 bucks
I understand why Sat is always bearish ,how do you tell farmers to buy when they are already long,just look for higher levels to sell good luck
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Some Don't Believe We Are Hearing The Truth Out Of Brazil
