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| Cincy OH river basis is +30 SF compared to Sydney Ohio processor at +3 SF. Perhaps a reflection of strong export demand verses plentiful supplies that are too distant to be shipped to the river this early in the season? Crush was bullish I'd say ( was all the livestock really sent to market) exports have been really bullish despite the last few cancellations ( do the cancellations represent the inability for us to ship or China to recieve at the current pace).
Let's look at the futures market SF 14.04, SH 13.85, SK 13.64 this is a bull spread market even though we are well off of the summer highs.
Someone still wants to get their hands on beans sooner rather than later.
Harvest is basically over for the US.
Most beans, in farm storage, are in the strongest hands in the history of this country. My opinion.
Argentina's socialist government is no friend of their farmers or customers no matter what the weather does down there.
S.A.'s crop just like the USA's crop is usually bigger at planting than at harvest.
It's worth the price you paid. | |
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Thoughts on today's bean close
