Market meltdown

[cottonpicken]

For those of you that dont follow the nightly stuff.

Asia has crashed.

The nikkie is down 10%.

A bath of blood is brewing.

The last seven days will be remembered for ever.

Tommorow may be the day the music died.

Bye,bye miss american pie.......

[agstar77]

Stop being so cheerful, have a beer!

[agstar77]

On the brighter side Large grain companies are having trouble with getting operating funds more tha a few days out, when they used to get funds months ahead. This fact not rumour.

[Fransisco]

Keep those facts rolling on in agstar.


GENEVA (Reuters) - Business is booming in the trade finance market as exporters and importers return to a tried and tested form of credit amid the chaos of the financial crisis, bankers in the sector say.

Demand for trade finance -- a traditional form of banking dating back to the Middle Ages -- is so strong that some houses say they are turning away business for lack of capacity.

http://www.reuters.com/article/ousiv/idUSTRE4982IY20081009?sp=true

[Fransisco]

Granted the world is in trouble.

We only need the Stock market to stabilize, which will take some time.

If tommorrows USDA report is bullish, (which I think it will be bullish Beans, and negative Corn).

No question Beans could come out with a 20bpa forcast tommorrow, but no news will be big enough to turn around tommorrows headlines of the Global problems.

If we have a bullish report tommorrow, might be a great time to ad positions with the distraction from the rest of the world.

[LWeber]

Soybean yield est for tomorrow a.m.
now way in hell will it have a 2 as the front number.


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[SASKFARMER3]

No way a 2 will be their the crop is poor but not that poor.
USDA out its a .
39

[SASKFARMER3]

Larry I never said the yield would have a 2 in front of it???

I said Beans could a have a 20bpa yield and it wouldn't matter, with the outside forces at work right now.

[LWeber]

Sorry snap

I'm a little like Deyawn

Can we start over now?

[wedino]

I don't get it, Cotton, seems like it's the US$ with all the strength. No way our dollar should be $.85, at least in my mind.

[charliep]

USDA crop production report is adding fuel to the meltdown on the commodity side. Hopefully all have made the sales they need to to cover cashflow to well into next winter.

[parsley]

wedino,
Downloading?

[agstar77]

You can take that statement anyway you want, I give up. Tired and too depressed by the economic results to dispute you.

[Choice2U]

Seems lately that the Cdn dollar has been MORE tied to the price of oil. When oil was shooting up, our $ was climbing. Now that oil is taking a kicking, our dollar is getting hit hard as well. Other fundamentals seem to be forgotten.

[charliep]

Dow (not finished trading) below 8000 at one point. How low can we go?