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vrbuck
Advisor

what about the Chinese businesses

Why is it down not limit up?
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8 Replies
glenlivet18
Veteran Contributor

Re: what about the Chinese businesses

Why ask why when it comes to the market?  The market is going to do what it wants to do, and it's always right.  All this news we hear each day, most of it's pretty useless in my opinion.  The big news gets digested by the market long before us regular folks ever hear about it.

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GoredHusker
Senior Contributor

Re: what about the Chinese businesses

I think in the back of our minds we all knew this day was coming.  If I have to guess, I'd say the index funds are legging out of the agricultural commodities.  This is why the market seems to be broke.  I read today where I believe it was Decatur, IL is posting a 40-45 over basis for corn which the article stated was a record.  I have a feeling positive basis records all over the country will be broken before this summer is over.  Look at the cattle market.  Cash is a good 8-10 bucks over the futures.  All the excuses in the world can come out about 90 day corn being planted in IL, etc.  However, I believe the indexers just want less and less exposure to agricultural commodities.  The blowoff top in corn will occur in the cash market rather than the futures market.

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USA ProFarmer
Contributor

Re: what about the Chinese businesses

Yup, of you sold grain like Johnny you would lose land. Looks like you could buy land if you sold grain like johnny.
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oncearound
Veteran Contributor

Re: what about the Chinese businesses

can you keep asking these type questions? i likes the Chinese responces! 

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roarintiger1
Honored Advisor

Re: what about the Chinese businesses

Looks like the export charts will be interesting in the next couple of weeks.

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Farmerjoe79
Senior Contributor

Re: what about the Chinese businesses

What about it!!! There buying all our corn!!!!
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oncearound
Veteran Contributor

Re: what about the Chinese businesses

read somewhere that it was the largest 1 day corn purchases, on record? ho hum, eh? 

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vrbuck
Advisor

Re: what about the Chinese businesses

Someone's didn't tell the market that China bought corn with it down 16 cents. To quote around once ei ei ohhhhhhhhhhh.
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