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| exports are roughly 25 million per week higher than 4th quarter on average, turkeys are big and getting bigger for thanksgiving, so consumption is actually higher not withstanding end user accumulation of supplies at what is normally the low price for the year, my take is the supplies(carryover was so tight that we will not have a big storage problem for this crop at least, planting delays in Brazil from dryness, and Argentina from wetness, risk reward is definitly pointing to the buy side lets see beans at 9 bucks vs 18, 1 buck on the downside vs 9 upside wish i could get those odds in football! | |
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BULLISH 18 Day MA
