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Very early opening call guess cbot
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Joe R
Posted 7/12/2020 10:05 (#8368908 - in reply to #8368782)
Subject: RE: Very early opening call guess cbot


After Friday’s action on a neutral report.....one has to think that this was priced in. If we/they are trading forecast for 2-4 weeks out, we should actually be up this week. Heat is coming the last 2 weeks of July and into August.....crucial for grain fill in corn and even more crucial for soybeans. We are under 1/2 Bbu carry out on soys. Anything under trend and c/o gets very tight on soybeans. No way should soys have an 8 in front of them for the price.

Edited by Joe R 7/12/2020 10:08
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