|
| I listed fundamentals the other day. I’ll do it again
Well what I consider fundamentals
commitment shows managed money not long beans. Before the run up last time managed money was heavily long. So any run will prbly be muted.
La Niña is fading away
Trade war with China is escalating
They are going to drill baby drill meaning more oil meaning cheaper oil
A recession could be imminent
Less cotton in the south. Prbly no cotton. More bean acres
How’s it going in South America?
And end to the war in Ukraine would mean more stable food supplies especially for Europe
The dollar falling is the reason prices have risen recently imo. Will it continue to fall? Idk
I suppose I think the Us10y - us02y will prbly get smaller before widening a great deal
And I’d like to point out in this chart that beans hitting 7.50 isn’t unrealistic nor is it as bad as it seems.
I could see us going below 9 after November hitting 7.50 in March and then rallying back past 9 by next November. So technically you’d never be forced to sell below 9
 (IMG_7209 (full).png)
Attachments
----------------
 IMG_7209 (full).png (131KB - 10 downloads)
| |
|
Should I sell some beans tomorrow?
