|
southern MN | Nope.
We are in a holding pattern that is pointing downward.
There needs to be some multinational news that wakes up traders and points upwards. Some large scale weather issue, some continental sized labor/transportation issue that disrupts growing/hauling a crop, some economic or trade news that points upward.
Until then we have enough bulk grains around the world, and everyone is doom and gloom. There is zero reason to bid up a grain market today. And likely not tomorrow either.
Remember when wheat was bid to $20 abu and corn was over $8? That didn’t make sense either we weren’t that short on crops, but there it was.
These prices don’t quite fit now either, but the pendulum swings and we go along for the ride.
We need some global news that stops the pendulum. Until then a lazy slide lower.
Paul | |
|
Bean bottom
