|
Buxton ND | My read of this is DTN is giving the producer what they wanna hear,,,,, aka questioning the USDA producer LOVE IT.
When stocks dropped from what the projections were one year ago, what has the market done with it ?
Now if I was writing this article, some things I would point out,
US $$$ vs REAL.
The acres expansion in Brazil.
Infrastructure improvements that HAVE BEEN made, there cost of getting bean to exports ports HAS dropped a fair chunk.
I would have a chart showing the price payed in REAL's to there producers.
Up coming elections in Argentine, there bean export tax is a hot election topic.
All these above are not popular topic's for most,,, but do you want to hear what you need/should to hear,,, OR what you want to hear ?
Then last winter at Commodity Classic's, Darin Newsom, DTN's head guy, talked about ZSX15 rallying to $11-12 and even 13 bucks. Here again producers just LOVE IT. I was sitting next to Mazie at the time, Maize question his reasoning behind this, his reasoning raised alot of eyebrows. But it sure gave the producers that "feel good feeling" | |
|
USDA Soybean History
