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NW Indiana | I disagree all the fundamentals are already in price. Yes many wagers have been placed betting on SA crop size and those wagers are narrowing to a completion. However there are wagers placed and will be more wagers placed on US acres, yields etc that will impact price. As we find out who was the winning gambler it will be reflected in price as the losers will be forced to "swallow" allowing the winners to print there own shirt and go gloat at the cbot like a child would do. As far as MI6, if I was you I would be more concerned about the 5th graders taking over the markets and making you look like a fool. Since I'm already a fool my plan is to rely on the $750,000 bailout check I should be getting.
Do you mind posting a chart on what you are seeing shorter term? Say the next 90-120 days? | |
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New Lower Estimates out on Brazilian Soybean Crop
