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Buxton ND | "Argentine peso devaluation"
Is this a bigger deal then we think ?
China can't buy out of Argentina because producers are very tight holders,holding bean as an inflation hedge so they HAVE TO buy from the US as Brazil doesn't have enough volume to ship yet..... This is bullish now but will turn bearish when those beans need to be moved prior to their harvest....Either move beans now or move more at harvest.
Argentina government needs "dollars",,,,,,,,,,,,selling beans generators dollar,there had been talk of Argentine back off on the export tax which will move beans into the world market.
Buckeye YES I keep repeating the past cause it a great way to look into the future ! ! ! Ray and Maize have posted old charts and graph a few times too,this PAST summer if one payed attention to those sure help those storing beans ! ! ! ! ! | |
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Inspections
