Floor Talk September 25

[roarintiger1]

Econ 101,   When a product is put "on sale" more of that product gets sold.     Every tick lower in the grain markets is stimulating demand.

[marketeye]

Blacksandfarmer,

Yesterday's soybean weekly export sales were the second highest weekly totals on record. Cumulative 2014/15 soybean sales are now above the rapid pace from the first three weeks of the marketing a year ago. And sales are 200 million bushels ahead of any other year, at this early point in the marketing year.

Mike

[marketeye]

sneeky253,

The trade releases export sales estimates on Wednesday, ahead of Thursday's reports. You're right, sometimes they are really wide. Basically, they are putting out a range. IF the sales come in within that range, it's non-stimulating to the market. Anything above the range is viewed as bullish, anything below is seen as bearish.

Yes, the ranges can be wide.

Mike