|
Buxton ND | Just some interesting tweets from this morning, credit goes to DoaneAg
"Soy inspections totaled 2.027 mmt, wheat 282,551 and corn 295,701 tonnes. Corn and soy light against expectations. Wheat in range, but low"
"USDA soy inspections in Oct totaled 366.5 mln bu, which implies Census may report 370-375 mln. Previous Oct record 330 mln bu last Oct.
So China blows away the prior record of importing beans in Oct from the USA. Then this,
"Oct marks the 6th month of record China soy imports, latest at 5.53 mmt, up 34.9% YOY. For the 6 months, 44.3 mmt vs 35.0 mmt, up 26.6% YOY."
Sounds bullish right ?
Is this bullish or bearish ?
| |
|
Beans and China
