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NWMO | Well, there are several factor that you’ll need to keep track of:
- export sales (especially china)
- Brazilian drought, does it improve or stay bad?
- Mississippi River level, does it deter purchases?
- Midwest soy finishing conditions. Dry for many, and many have several weeks to finish
- are the crush numbers going to stay up?
- are the shorts going to even up their positions or stay short?
- how much soy is going to be sold off the combine?
There’s a lot of factors, keep an eye open on these (and more I’m forgetting). I’m not going to tell you what to do, but I’m still slightly bearish on grain’s until we start taking out overhead numbers we haven’t reached yet | |
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Soybeans
