Just took a quick look at morning markets. Soybeans over $13.40 a bushel, corn getting closer to $5, all wheats over $6 and canola in the mid $14 range. U.S drought monitor shows the western U.S is dryer than a popcorn fart. Any thoughts on if this continues or comes crashing down, personally I think markets have pushed higher and done so faster than I would have imagined so any thoughts and or analysis would be appreciated.
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Enjoy the ride.sold some 14 buck canola this morning.
Even wheat is waking up.. -
It's real easy
South America is dry for another two weeks. If it goes till the end of Jan lookout.
The USA will be out of Beans and wheat stocks will be low.
Russia didn't have a bin buster and Ukraine probably was the same.
Australia did good but other issues as china don't want to kiss and make up.
Canada didn't have a massive Canola crop as all experts thought and even some Prov AG ministers didn't get it.
Most Canola was presold by the big boys and now the crushers need to fill and ship grain and oil. Lots went at 10 11 and 12.
Farming where everyone else has the game plan and knows what's going on except farmers were like mushrooms in the darkComment
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Gold up big, too. Dollar down.Comment
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RP crusher no price till June.
All this is export.Comment
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And then hit a WALL, key reversal? DJ -2%, -548 at 11:01Comment
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The chinese still got a deal on their US grain purchases from September on ...it would have to fall back a bit more before you would see cancellations?????Comment
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Cattle stepped in a hole.Comment
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Best decision made, you will be very happy you did in 2-3 weeks.Originally posted by Partners View Post
Those that are still holding for the first sale may be happy to sell at $12, heck way less income tax that way...….Comment
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