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| lot of dry acres..fewer pods and smaller soys...August premium.
color of my soys-got that washed out flu-like look to them.
we're at a crossroads here with markets-
a turn around time, ja.
Too many negatives showing up in these crops have got traders' attention.
China will push market higher and higher at least until harvest is well underway.
http://droughtmonitor.unl.edu/DM_midwest.htm
Other...India may drop 40% corn exports-too much rain-poor quality. Buyers moving into cheaper SA market.
SINGAPORE--The Taichung branch of Taiwan's Breakfast Soybean Procurement Association is seeking a cargo of up to 60,000 metric tons of U.S. or Brazilian soybeans in a tender, trading executives said Friday.
The tender closes Tuesday.
BSPA-T is seeking soybeans for shipment between Oct. 26-Nov. 9, Nov. 1-15 or Nov. 6-20, the executives said.
East Asian buyers are scrambling to lock-in supply of soybeans after the U.S. Department of Agriculture slashed its forecast for the country's output earlier this week. The department cut the forecast for the next marketing year that begins Sept. 1 by 4.8% to 88.6 million tons due to late plantings and a likely fall in yields.
The U.S. is one of the world's largest exporters of soybeans and buyers in East Asia are worried that lower output and inventories will push up prices. Soybean futures on the Chicago Board of Trade have hit their highest level in a little more than three weeks and have traded higher for five straight days.
Edited by Gottlieb 8/16/2013 11:13
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Walked Beans, getting concerned
