We were so quick with bean harvest this year everything happened sooner.
A lot of beans in Mizzou country didn't get planted till July.. If anything this crop was harvested later than last year.. China was desperate for coverage last year and they booked.. now they are buying hand to mouth.
We are AHEAD of Shipments for Soybeans AND Sorghum vs 2014 as Sat notes.
Prices are Lower.. South America is already committed.. why would the pace back off?
Wheat exports fell off the cliff 2nd half of last year.. it's not going to take much to catch up.. Once the buyers KNOW that the lows are in.. we can/probably will get a quick uplift as the music stops.. and everyone looks for a chair to get..
jmho..
When I get caught up.. I'll update exports vs history.. been meaning to dig that one out..
later. |