Ag

Not a lot to contribute tonight. The rally rolls on led by meal. The weather a concern. The forecast is for more rain. However the analysts don’t agree with the models. Again 530 million bu carry here. 98mln tons global. Knock three 3 million tons off. Now 95-96 mln tns. Still 30 million bigger than 2.5 years ago. Personally I cant get my head around this. Nov back at 1015-1020. Opinion, offers hedge opportunity. Rains realized, this fantasy becomes reality again.   The Corn may have run its short term. The long term fundamentals however are getting a bit more friendly, and the US is the cheapest in the world which can bode well for the export market, which has not been on fire.

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