sandiego77 - 8/27/2017 20:01
all the ags seasonals are fairly poor in september and all the ags ending stocks still are humongously burdensome, so the market will need some proof that the harvest is lower than the current usda numbers say it will be to put in it's 'harvest low'. the world is currently knocking the usa for a loop in terms of underpricing and outselling usa across all the ags, this does not call for a low until there is proof the usa harvest will not add to the burden.
http://jayonthemarkets.com/2017/08/24/beware-the-bottom-in-beans/
stock market also looks like it's time for the usual worst two months of any year:
http://www.stockindextiming.com/marketviews/aug17/index.htm
http://www.mcoscillator.com/learning_center/weekly_chart/years_endi...
cheers!
Proof the harvest is lower? Why? Why don't they need proof the the harvest is as high as the USDA says it's going to be? They took .30 cents off corn already. Oh I know, the market knows the USDA has a cheep food policy. Thats why....