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Prices up, and still good sales.
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Palmtopper
Posted 9/14/2020 12:58 (#8495210 - in reply to #8495151)
Subject: RE: oh goody, the "experts" are out saying "it's as high as it will get" just like they have done al


SE Iowa
My guess Brazil has forward sales made (42% is what I hear) and they are full filling them off the combine = the market has its lines supplied with beans...so price may have to do its job to get those others not priced to the market and it takes those deliveries to clear...just like here...the disadvantage we have is the real vs $ being so wide.. this is a key to watch for our demand prospects in that time frame...

If brazil has a hiccup or SA that will skew things...which I think this rally is starting to price in until it gets planted and moisture is readily available.

edit to add...Pre tariff the china book is 85-90% of total commitments before end of Jan...then they pull from Brazil and either cancel or add as needed.

Edited by Palmtopper 9/14/2020 13:06
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