SE ND | JC STONE - 9/21/2023 21:01
What price/structure etc would tell you that it won't happen and things have changed. Also what time frame do you see for 10 beans if you are correct?
In my view 200 million carryout doesn't justify 10 beans so it would have to come later after a huge SA crop and a huge US crop in 24
As we've discussed, I don't blend fundamental and technicals. Some do and it works. It doesn't for me. It requires a behavioral change by price. Of which the first indication of that even being plausible would be a move into the $13.80 - $14.00 level. It's a continuous objective. I won't go into detail here but let's just say it's analogous to pulling a tooth. The sooner the better to get it over with. |
Fundamentally speaking only
