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Honored Advisor

More sales...

Approximately 10,000,000 more bu beans sold last two days.

Starting to add up to a large number for the year.

Went to Des Moines yesterday.

Grain semis on the move everywhere. In that area a high % would be loads of beans.

 

Very hard to imagine USDA ever printing a less than 100 million bu carry over on the bean side.

Btw bean basis slipped 7¢ yesterday, those semis are having an effect. (-30 now)

15¢ carry to March, problem with March delivery from the farm is there is usually only 10 days or less the country roads are usable for a semi.

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4 Replies
Advisor

Re: More sales...

Great article on Bloomberg this morning can’t post for some reason.  It basically addresses the failure of the trade war with China and how Americans have and will be footing the bill for quite some time.  Interesting enough also incorporates the damage done to the American farmers so severe for some there will be no recovering from.

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Honored Advisor

Re: More sales...

Hurring to get the cows on the wheat, because they may need to come off early........poverty grass has many options for loosing money.

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Senior Advisor

Re: More sales...

Today  farm  news  chatter,   of  bean  meal  imports  from  '' Brazil "  - ?  ?  ? 

Maybe  those   UN _ KNOWN  DESTINATIONS  Export $ales - $ecert's  have  a  destination  after-all  - ?   

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Honored Advisor

Re: More sales...

The USDA thingie Tues put bean IMPORTS into thr USA at 35 miloion bu.

They will never print a less than 100 million projected carry out.

ADM Des Moines added hrs they are opem for recieving. $14 ish beans are getting semis on the road.

$5.20+ cash corn at e plant livened up truck traffic there too.

8 months till harvest 

Interesting times. 

My bet is the ones that need these prices the most are out of product to cash out.

Bought the truck load of soybean seed (enlist3) I'll need yesterday <$40 

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