Not much to say. This is way out of line so take advantage of it. The soy complex rallying. Funny !!!! We have more beans in the world than ever before. We have more oilseeds in the world than ever before. What moves the markets now means 0000. Correct zero. usually don’t do this. And really don’t have a dog in the fight yet. The domestic carry 530. huge. gonna get bigger. The global carry 98 mmt huge, gonna get bigger. The soy is swimming in product. Now lets look at this . Who wins. The Commercial. the Crush is at 110-120. That means for every bushel the commercial buys they make .110-1.20 per bushel. Right It is billions of bushels globally. So billions in profit. Right. It is all in every written word. Buy everything. A joke. We have so much carry. not sustainable. I am a fundamental person. Now. the global oilseed carry. Where is that . RECORD …… Right a record. yet big prices. Producers. perhaps you should not sell because maybe we just keep rallying. If you are a realist then sell this bean market either on the board or in the cash. Your choice. Wow….. Im heading out
Corn As I said domestic carry coming down. Exports going up. South Amaerica has problems. The US spring is important. The market is in a up phase. However don’t get crazy sell $400 corn in 2018, sell 420-430 corn in 2019. The world has plenty. Guess what, gonna stay this way.
Be Well