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| As if this currency war wasn't enough to depress commodity prices, Macri's victory on Sunday slings a devalued peso and more soybean exports.
So we've got this canary in a soybean mine..
How's our little chirper faring ?
We have now sunken below the previous 2009 level, sending Tweety to the Pearly Gates.
You better believe that the Feds are paying attention to this because they know a commodity price implosion almost always portends of a depression.
Betting NO interest rate hike in December.
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soybean carryover projected@470 mb ( last yr was 190mb)
