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Buxton ND | NONE from me.
Brazil's REAL at a 6 year low compared to the dollar, just as their planting,just as their getting rain, it started firing up again today and sure looks like wide spread rains in MG,plus its cooled off.
Just as their planting and dollar rally on the board,,,,,,very bluntly MEANS MORE BEANS PLANTED down there.............................. Argentina still has some of last years beans and sop they need some money to plant their crop ? ? ? Any different then up here ? ? ? The more hectares they plant,the bigger the weather troubles to affect the market.
AGAIN VERY BLUNT,,,,,the cheaper the REAL, the stronger dollar,THEIR BEANS are cheaper into CHINA...................... China has all ready been straight forward on finding MIR 162 corn in a ship load beans. If this weak REAL/strong dollar keeps up China well bend the bean bulls over the drive shaft.......
Another thing how many beans are ALL READY on delayed pricing contracts ? ? ? Pretty easy to source beans when they belong to the commercials even though you have not sold them yet.................................................. | |
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Who's going long soybeans tonight or tomorrow?
