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China stole 47 myn bushels of beans over night.
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JonSCKs
Posted 7/14/2017 12:51 (#6125404)
Subject: China stole 47 myn bushels of beans over night.


Yes it's for show but China came over and booked like 12 mmt's of beans.. and with the market down HARD yesterday.. BOUGHT IT!!

On 47 myn bushels.. or 1.3 mmt's.. they just took it!!

On the Export Sales report we are ALREADY 100+ myn bushels and adding on sales over the WASDE which was just reported.. granted we got like 200+ myn to ship.. which will probably depend upon how quickly the system can source and deliver it.. If grandpa's still waiting to sell.. than.. that will probably get rolled to 17/18 my.

I still look for the Sept 1st stocks report to come in TIGHTER than the WASDE's 410 number.. on revisions to last year's overstated yields.. out here on the fringe.. not to mention what the drought this year has done.

Still looking for a run to new highs.. fwiw.

I was right on the WASDE adding to Wheat stocks.. and we got corn.. although I don't buy into WASDE's 170.7 bu yield.. NOR the 48 bu yields for this year's bean crop.. "uh huh."  Whatever.. we'll see what the actual survey reports going forward have to offer..

Wheat we got.. Corn is there.. BEANS.. are tight!!

(Although the Spring Wheat crop is gonna be snug..)


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