Ha Ha Ken it could be worse,,,,,,,,,, I could be a Pollock !!!!!!!!!!! I came home and did a double take,like where did all the pages go on the old thread !!!!! But good idea Bins, new year,new thread... I sure hope Greg feeds old 48 sitting in the corner LOL
Well boy's it looks like Brazil did get some rain but it fizzled out in Argentina .
One report I got was that there was 20 % was yet to plant ------ because it was to dry . SO the big question will be will that 20 get planted ????? Let's just say it don't for fun , IfI remeber right they origanially put Argentina at 54 MMT minus the 20 % that woul be something like 43.8 MMT .
Then they had Brazil at 76 MMT Max ! and now at 70 to 72 MMT .
A good rain could do alot of good down there in the next 2-3 weeks but the forcast I read said it looks like another 2 weeks of dry for now , then if at the end of two weeks , still little or no rain , boys it could get very , very interesting .
Besides weather, markets will be keeping an eye on the potential for oil supply disruptions in the Straight of Hormuz by Iran. Today Iran test fired a sea-to shore long range missle in the gulf showing their capability. The test was accomplished during their scheduled naval war games. Markets should view this as a little prickly when they open tonight and expect to see oil run past $100 quickly. Will the grains follow? Probably.