01-20-2013 07:31 PM
Once again, people are putting the cart ahead of the horse. We are all forgetting where the bread basket of commodity prices are set. USA. Mother Nature still holds the wild card, are you actually going to talk prices while we are still in the midst of one of the worst wide spread droughts on record?
01-20-2013 08:23 PM
01-20-2013 10:40 PM
For me, The exports are starting to be a bigger issue than the "super" crop in SA.
We have been traking above $14 for the most part since July 12 and exports are stronger than I (or usda) anticipated. That makes 13 soy look stronger every week, regardless of what is raised in SA.
Also the us $ continues to get printed and devalued, while on the long term that is not good, it does support higher priced commodities at whatever production level.