wd9
We will all have to watch the USDA crop reports
released every Monday. Corn yields in particular are
being lost accepting this was an early seeded crop.
Soybeans - yields being damaged but flowering
period later/indeterminent flower. How much
potential gone? We both will be reading reports out
of the US.
Having said, the markets have been rallying for a
month on weather news. So the question is how
much more gas. The answer will be when
corn/soybean users get their risk positions covered,
the speculative community quits having its way with
the market and farmers start to sell. Look at the
price run up on the charts and then look at history.
things do fix themselves eventually. Will I call a top.
No way. Will it come down hard when bull market
runs out of new information? I would bet on it. Will
this be the beginning of the next down turn in prices
or the foundation for the next rally? Stay tuned. My
only comment is I wouldn't be buying assets/aquiring
debt based on todays prices.
We will all have to watch the USDA crop reports
released every Monday. Corn yields in particular are
being lost accepting this was an early seeded crop.
Soybeans - yields being damaged but flowering
period later/indeterminent flower. How much
potential gone? We both will be reading reports out
of the US.
Having said, the markets have been rallying for a
month on weather news. So the question is how
much more gas. The answer will be when
corn/soybean users get their risk positions covered,
the speculative community quits having its way with
the market and farmers start to sell. Look at the
price run up on the charts and then look at history.
things do fix themselves eventually. Will I call a top.
No way. Will it come down hard when bull market
runs out of new information? I would bet on it. Will
this be the beginning of the next down turn in prices
or the foundation for the next rally? Stay tuned. My
only comment is I wouldn't be buying assets/aquiring
debt based on todays prices.
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