South central kansas | Palmtopper - 9/2/2020 08:55
So this will be counter seasonal?
IMO... trade is lower than what usda may say right now from what I pick up...and I don't think usda will drop 5 bu for sept. but that is what makes the market.
I agree the trade is currently lower than the Aug. report, how much is a guess, but IMO we don't revisit the the lows, I could very well be wrong, but it seems to me that the sentiment has shifted from one of an increasing supply to a decreasing one, while at the same time demand remains the same or increases, the trade has gotten a whiff of inflation (right or wrong longer term), that over the short term will be be hard to ignore. |