NW Ohio | Sat - 8/25/2015 09:20
Had to say it, but a big flush, rally back filling the gap is classic bear market action.
Crude no gap but rallied back to 40ish and Friday's low.
DOW still has not filled Sunday's gap.
Totally agree is Valkitty, China troubles far out weighs our crop problems.
Tweeter can give me a chuckle at times, within 15 minutes 6 tweets about UN-known buying that 210 of beans
There has NOT been 6 tweets in the last 2 months addressing how far China is behind.
Again,,, classic action, pointing out the bullish news while ignore the bearish.
I understand China's lack of bookings was a hot topic on the Pro Farmer Tour.
China......and everyone else for that matter, has been assured by our USDA that our supply of crops is currently huge and going to get larger. Thus lower prices are looming in the future. Why in the world (no pun intended), would anyone buy more now? If I'm needing to import grain and don't need it soon, I am waiting for lower prices. |
closed gap in beans
