02-15-2013 01:28 PM
Add to that a quite different situation in Argentina due to rampant inflation. Farmers there are holding tight to beans as a hedge against inflation and are just paying essential bills and apparently committing only 10% of production. All they know is that beans hold value against inflation on the global market. And that's all they have.
02-15-2013 02:07 PM
Pal - I read a article on this the other day , It seems that there Gov. Is not to happy over this , that being the farmers NOT selling there beans , they sell in dollars and get paid in peso's - I think I have that right , so they get more peso's by holding .
The article said the Gov . May put some kind of tax on the farmers for holding , it listed like 3 or 4 other things they might try to do to get them to sell , but dam If I can remember them all .
02-27-2013 11:55 AM
Are those net bullish or bearish / held back =s producers who want to sell for less - as history tells us.
World stks / use is in good shape.
With trendline 2013 crops beans will be 7ish by fall.