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Northwest Iowa | Somebody was aware of what was going on (export deal)according to the price charts. maybe not as good of yields as some thought? who knows. Nov Beans have been trying to get back to the upper end of the weekly chart highs around 10.80. That was met. If you take a look, you'd see that the beans have been in the same price range for over a year. The daily actually had a (likely) mid-way gap higher. The grains are doing some good things. We've actually been in a bear market since June of 2022. It's getting "long in the tooth". Every bear market eventually unfolds into the next bull market. Vice-versa as well. Gold and silver are telling us that inflation will be a big topic of conversation. I guess it already has been- but it didn't just start either. | |
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Looks like China Bought Beans