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Buxton ND | "China cancels soy out of SA per Reuters. Report 10 cargoes = 600,000 T. Another 30 cancels possible. Worsening crush margins in China blamed"
"@DoaneAg_Nelson that's how it began in the debacle of 2004."
Above are 2 tweets I picked up this morning,,,the may OR MAY NOT be yesterday's bean news,,,but when someone brings up 2004 and soybeans I pay attention........................ In 2004 once the bean got up and growing the bottom fell out,spring highs 10.63 to fall lows of 5.02 all because of China's games which gave them very cheap beans for a few years................................
Whether this above was the news or not from yesterday we traded 49k of beans by the 7:45 close,which is I'm pretty sure is a all time record so something really got the traders spooked.................... | |
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Soybeans
