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Lower Stocks Corn $4.20 and Wheat $5.70.. Soybeans.. not so much.. still $10.80.
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JonSCKs
Posted 8/12/2024 11:53 (#10848333 - in reply to #10848273)
Subject: Golly look at All These Soybean Crush plants coming on line..


“I wasn’t depressed until I got on NAT.”  No kidding..

The analyst I just listened to.. “We got the Soybeans.. We got a Bunch of NEW Crush Capacity coming online.. They’ll be revising the Crush higher in future reports..”

Guys we’re OVER A DOLLAR below what NASS is predicting for the SEASON AVERAGE FARM PRICE for 2024/25 of $10.80 plus basis of.. $0.35 puts the board at $11.15.

We should be rallying!!  If you can’t make FAME or Renewable Diesel work under this??

just chill on the bearish side.. peeps. 





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