Posted 2/22/2021 05:25 (#8850248 - in reply to #8849997) Subject: RE: MKTS
Disagree with you! Some people got aboard and persevered in this market because of an understanding 15 months ago of what the Chinese were going to do.
Having Understanding of what commodity markets do when they break out of long term sideways trading patterns.
When you have a huge demand influx accompanied by the pent up energy of a 3 year sideways market you get a move like we had/are having.
New crop futures are trading into new highs. They are sensing that based off Usda data that China is gonna be around for a while. The key is at what point does the world outproduce China demand?