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San Diego | so many countries in the world grow crops nowadays, and they aggressively sell at prices lower than the usa. world ending stocks are the price depressers now.
ethanol plants do not want to pay up for corn, probably why basis has had a bad week thus far. really is no reason to try and speculatively bid up prices until the ending stocks are proven they be sold.. doesn't even matter if corn yield is 150 if the ending stocks aren't sold before harvest.
the anderson commentator said you should be 50% sold on new crop RIGHT NOW... he was quite good in calling the ZW top, now ZW has made lower lows for 7 sessions in a row!
https://twitter.com/andersonsgrain
that gold&silver bottom from 7/7/17 has come along nicely, with silver already one dollar above the low, which has most silver commentators calling it a 'solid bottom.'
precious metals have a great two month bullish seasonal starting 7/24ish, with 1st the india marriage season where all the brides get precious, and then it's jewelers buying for Christmas/new years.
TGIF! | |
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