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Beans Can't Break 850, Meal Can't Close Above 300
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LongKC
Posted 5/16/2019 09:02 (#7499774)
Subject: Beans Can't Break 850, Meal Can't Close Above 300


Middle Tennessee
The soy complex is in denial yet. Demand out of Brazil down for Q1, Brazilian currency down. Someone posted China booked 90 cargoes of Brazillian beans, I haven't seen anything about it elsewhere. If that's true, the next shoe to drop is obvious: old crop cancellations.

Edited by LongKC 5/16/2019 09:05
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