AgTalk Home
AgTalk Home
Search Forums | Classifieds (109) | Skins | Language
You are logged in as a guest. ( logon | register )

OPen in Soys
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
LongKC
Posted 12/2/2018 20:44 (#7144490 - in reply to #7144456)
Subject: RE: OPen in Soys


Middle Tennessee
Beans up 2% (just like nasdaq), meal up 1%, crush continues to weaken.

That's what makes this whole thing so weird...So if you google dalian commodity exchange/products/meal, you can see their meal chart. It violated support a couple days before Thanksgiving, if someone could read it, that was the signal US beans may be coming back into China. Strength in meal has represented some kind of weird arbitrage of meal prices in China. So despite bean supplies, meal was kept inflated for an extended period, hence the crush margins everyone has talked about. Inflated meal inflated beans, relatively, and so did arbitrage against Brazilian beans...So US meal and beans have gained support from the very embargo which makes the complex so grotesquely bearish here, even if bullish elsewhere...Sorry for the lunatic fringe discursion, but that's what I see going on...
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)