unlike vandy I will give an actual factual trading tip that you could use...beans to open very strong....10 plus ...or beans
Have you hedged your beans yet, or are you waiting for $20?
I'm not quite ready to get on the buy train.
"USDAs soybean export goal for the year is 2.100 billion bushels, currently sales are 1.643 billion. Total sales are 78% of USDAs goal while normal is 91% sold by this time in the marketing year. If the US does not pick up the pace, we will miss USDAs target by 273 million bushels."
usda has not factored in huge negatives from argy yet
NOT USDA, better HOPR China hasn't factor in and comes here to but more. Jim is right the pace is going to have to pickup.
https://www.clarin.com/economia/sequia-soja-preven-menor-crecimiento-economia_0_rJ96DolOz.html what is left of sun flowers in drought conditions
Brazil's bean output projections have been raised to 117 mmt.
perhaps that was the turn around yesterday....
http://www.soybeansandcorn.com/news/Feb27_18-Argentine-Soybean-Estimate-Continues-to-Decline update on argy situation
Let's see if a bull trap occurs today.
Big drought and beans are up 2 cents for the week. Yesterday and today sellers on the rallies. Some say Brazil hedgers.